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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...
...Oaktree Capital is seeking to raise $10bn for a new fund that will help finance large private equity takeovers, taking advantage of a void on Wall Street as other lenders are sidelined....
...Rivals to HPS, including credit specialist Oaktree Capital, are raising billions of dollars for new private credit funds....
...Since late last week a group of more than a dozen VC firms have been in talks about how to enable SVB to continue lending to, investing in and advising companies and executives in the sector....
...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banks used to be active — asset-backed finance, some types of small business financing, consumer lending — they’re no longer active in....
...He had met the co-head of Barings’ private finance group Adam Wheeler years earlier, when Wheeler worked at Australian firm AMP Capital, although Weightman said that this brief encounter had no bearing on...
...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...
...A lawyer for EquitiesFirst on Tuesday joined a separate US crypto bankruptcy case, that of failed hedge fund Three Arrows Capital. The filing said EquitiesFirst was a creditor....
...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....
..., etc created a lending vacuum....
...Blackstone Mortgage Trust said in an emailed statement: “This report is highly misleading and represents a fundamental misunderstanding of our senior secured lending business.”...
...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....
...Genesis Global Capital LLC agreed to pay a $21mn civil penalty to settle charges that it engaged in the unregistered offer and sale of securities through its Gemini Earn program, the SEC announced on Tuesday...
...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...
...Voyager 14 June 2022:https://twitter.com/investvoyager/status/1536709199694024704 22 June 2022 — “Voyager Digital, LLC, may issue a notice of default to Three Arrows Capital (“3AC”) for failure to repay...
...Executives in the NAV lending industry said that most new loans were still being used to fund distributions to the investors in funds....
...In a recent letter to investors, Smith noted that the new flagship fund is on track to be the “largest pool of capital” it has ever raised. Its previous flagship fund raised $16bn in 2018....
...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....
...On Wednesday, Silver Lake added BDT & MSD Partners — the private capital firm founded by Byron Trott and Michael Dell — to the consortium....
...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....
...Vuong has ploughed his wealth into the carmaker, pledging in April to inject $2.5bn in new capital....
...Citadel has hired three traders for its equities business Ashler Capital, Bloomberg reports....
...The question has quietly dogged private capital firm, Apollo Global Management amid depositor runs on US regional banks in recent months....
...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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