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...The infrastructure operation will join a growing stable of investment capabilities inside General Atlantic. Last year, it acquired a footprint in credit investments by purchasing Iron Park....
...Greensill’s supply chain financing loans to Gupta-linked and other companies were packaged into securities sold to Credit Suisse investors through a group of $10bn supply chain finance funds....
...One of Tokio Marine’s acquisitions, highlighted in a recent investor deck, was its April 2019 deal to buy the Bond & Credit Co, which provided $10bn of credit cover to Greensill Capital....
...They can also charge different prices to consumers based on which credit card they use. Credit card holders accustomed to fancy perks are in for a rude awakening....
...and small banks as merchants gained the ability to steer customers to preferred credit cards....
...I am British, my wife is American and we each have permanent residency status on both sides of the Atlantic. Our two children are dual citizens....
...TPG, which went public in 2022, recently used its stock to help finance the $2.7bn purchase of credit manager Angelo Gordon....
...Actis executives, who have expanded the business since spinning out of the UK government’s development finance unit in 2004, are likely to net a big windfall by selling their firm....
...Barings said that in early March more than a dozen employees resigned for Corinthia, alongside global private finance co-heads Fowler and Adam Wheeler....
...ByteDance’s US investors include the likes of private equity firm General Atlantic as well as Susquehanna International Group and Sequoia Capital....
...“As a concept, credit-backed gilt repo is really exactly the same as having credit-backed swaps,” said Simeon Willis, chief investment officer at consultancy XPS Pensions....
...What now for the ‘golden age’ of private credit? It was a boom year for private credit....
...group, such as Apollo’s Athene or KKR’s Global Atlantic....
...America’s sanctions superpower flows from its control of the US dollar and rests on a multitude of institutions — from the US Treasury to clearing houses on both sides of the Atlantic....
...That trend holds more broadly, reports Bloomberg: Blackstone Inc. recently sought a $250 million loan at a rate of around 4.75 percentage points over the US benchmark to finance its planned purchase of...
...In today’s newsletter: Finma’s Credit Suisse postmortem Hipgnosis delays its results Microsoft and OpenAI in the spotlight Finma caps off a wild year in Swiss finance It’s been an eventful year for...
...At an investor event last year, First Solar’s finance chief noted its Section 45x credit counterparty — the US government — was the most reliable enterprise in the world....
...And there are few hotter fads in finance today than private credit. What artificial intelligence is to tech, private credit is to Wall Street....
...Would-be dealmakers are facing a tougher ride from regulators on both sides of the Atlantic....
...In today’s newsletter: Blackstone’s private credit problem General Atlantic’s secondaries push Mallinckrodt’s messy bankruptcy The private credit deal that could cost Blackstone €200mn Last month, Blackstone...
...Few other large deals to finance. “There have been fewer LBOs and therefore less new loan volume,” said Michael Patterson, a governing partner at asset manager HPS Investment Partners....
...New York Community Bank will raise more than $1bn in a deal led by the investment firm of former US Treasury secretary Steven Mnuchin, in an effort to shore up its finances and calm fears after weeks of...
...It bought out a remaining 37 per stake in insurer Global Atlantic for $2.7bn and reorganised its operations to focus shareholders on the long-term growth of its fee-based earnings, and insurance and investment...
...Capital for the loans would come from overseas credit funds and local banks, Arora said....
...Interchange fees are levied by Visa and Mastercard on behalf of lenders for debit or credit card payments carried out through their network....
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