Hints and tips:
Related Special Reports
...Apollo has sold a stake in the lending business it acquired from Credit Suisse last year shortly before the Swiss bank’s shotgun rescue by UBS, securing a multibillion-dollar investment from one of the US...
...Corinthia was publicly launched by Weightman only seven months ago to take advantage of the booming private credit market, which has grown to $1.7tn as many banks retreated from business lending after the...
...In his first interview as CEO of the $1.6tn Atlanta-based asset manager, Andrew Schlossberg said Invesco would also consider deals to boost its private credit offerings....
...Edward Finley of Arrow Wealth Advisory LLC pointed out that from a certain point of view, the question “does private credit, as an asset class, generate excess return” is a sort of category mistake: An...
...IFR reports that Morgan Stanley is currently marketing its Morgan Stanley Direct Lending Fund at the moment — eyeing a pricing next Tuesday — while Nuveen Churchill Direct Lending Corp is likely too list...
...In the interview below (conducted prior to Tuesday’s hot inflation numbers), Panossian discusses the case for high-yield bonds, the changing weather in private credit and why banks are increasingly lending...
...But the direct lending funds they manage may begin to post lower returns, investors said....
...Hedge fund Muddy Waters on Wednesday revealed a bet against a publicly listed real estate investment trust managed by private equity giant Blackstone....
...investment manager uses acquisitions to push further into lending and debt investments that are benefiting from higher interest rates....
...They’re talking about a very small sliver of a private credit universe that’s focused on levered lending. Don’t get me wrong, we like the levered lending business....
...“The tide has gone out,” said Andrea Auerbach, head of private investments at Cambridge Associates, which advises large institutions on their private equity investments....
...More private equity industry news: The US accounting firm Baker Tilly has agreed to sell a majority stake to the investment groups Hellman & Friedman and Valeas, marking the largest private equity deal to...
...Executives in the NAV lending industry said that most new loans were still being used to fund distributions to the investors in funds....
...chair placed under ‘mandatory measures’ on suspicion of crimes (FT) OpenAI and Jony Ive in talks to raise $1bn from SoftBank for AI device venture (FT) Moody’s warns of ‘systemic risk’ from leveraged lending...
...Apollo’s lending business originated $23bn in loans in the latest quarter to finance companies such as semiconductor group Wolfspeed, AT&T and Air France....
...It signals that large banks, which have collectively nursed billions of dollars in losses on “hung debts” such as Twitter, Citrix and Nielsen, are lending again....
...He characterised the lending as “highly complementary” to the banking system because it is coming from sources of long-term capital, versus a more leveraged bank balance sheet....
...The Atlanta-based private equity group would finance its takeover with about $4bn in equity and $5bn in debt, the people said....
...The hottest deal of the summer: loan portfolios Back in April, Blackstone president Jonathan Gray heralded a “golden moment” for private credit as US regional banks pulled back on lending....
...That matters as both have been remarkably well correlated with private payrolls....
...“In Vietnam we have seen the rise of private sector national champions that are politically influential....
...Monetary policy: Raphael Bostic, president of the US Federal Reserve’s Atlanta branch, will participate in a roundtable in Atlanta on the 2024 economic outlook, focusing on inflation, rising interest rates...
...“That is the private investment-grade market,” he said. About 75 per cent of Apollo’s assets under management are in private credit....
...Apollo’s private equity business said it found bargains, taking private chemicals company, Univar for $8bn and Arconic, the metal products company for $5bn....
...Investors have pointed to Bcred, a Blackstone-managed private credit investment fund, as among those to curtail the pace of lending after previously providing LBO loans worth $1bn or more....
International Edition