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...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...
...“While the need for this type of lending is enormous, we believe the competition to lend is limited,” Marks and Harrington wrote....
...one of the largest pools of junior credit available to private equity groups and companies, when traditional investment banks are further retrenching from speculative corners of finance and dialling back lending...
...Certain areas of lending where the regional banks used to be active — asset-backed finance, some types of small business financing, consumer lending — they’re no longer active in....
...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...
...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...
...Mashinsky said there was a “lack of institutional lending available to cryptocurrency companies” at the time....
...The central bank’s “pledged supplementary lending” programme, a quasi-fiscal facility for cut-price loans used in past stimulus pushes, increased the pace of lending 12 per cent in December....
...But the direct lending funds they manage may begin to post lower returns, investors said....
...Blackstone Mortgage Trust said in an emailed statement: “This report is highly misleading and represents a fundamental misunderstanding of our senior secured lending business.”...
...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...
...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....
...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...
...The regulator also said the settlement made it clear that “crypto lending platforms and other intermediaries need to comply with our time-tested securities laws”....
...Smart reads Debt demolition Commercial real estate lending has fallen to dangerously low levels, threatening a rise in defaults on expiring debt and a near freeze in new construction, The Wall Street Journal...
...Executives in the NAV lending industry said that most new loans were still being used to fund distributions to the investors in funds....
...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....
...The move will combine the world’s first Bitcoin and crypto securities business with the first crypto lending platform....
...Government curbs on lending intended to limit risks to the economy and an anti-corruption crackdown have hit property and construction in particular, sending international bonds issued by the country’s other...
...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....
...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....
...Investing those annuity premiums was easier for Apollo thanks to wider credit spreads in its lending businesses....
...Details provided to app developers for Google’s Android mobile system also show that lending apps will, for the first time, be restricted from requesting access to users’ precise location, phone numbers...
...In short, Apollo does the kinds of things that GE Capital did once upon a time (before its demise) but without taking the existential risk of borrowing short and lending long....
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