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...Shares of most regional banks have yet to fully recover from the collapse of Silicon Valley Bank and a handful of other regional institutions in an industry crisis last year....
...BlackRock bought US credit firm Tennenbaum Capital Partners in 2018 to boost its lending business in the US....
...From Bloomberg overnight: Citi Is in Talks to Start New Private Credit Strategy by Early 2024 Citigroup Inc. is in discussions to start a new direct-lending strategy by early January, the latest in a series...
...Blackstone’s president Jonathan Gray earlier this year said it was a “golden moment” for the fast-growing $1.5tn industry....
...Private credit co-heads James Reynolds and Kevin Sterling have also been named global head of direct lending and global head of investment-grade private credit and asset finance, respectively....
...The yield on the 10-year note fell to 3.82 per cent, its lowest level in a month, as traders fretted about how possible constraints on lending may affect US growth....
...On Tuesday he landed potentially the biggest kill of his career — Elon Musk’s golden goose....
...Investment managers such as Blackstone have flagged a “golden moment” for private credit in recent months, including in the US as regional banks pull back on some of their lending....
...BlackRock and AllianceBernstein had each committed to invest up to $100mn in the IPO, lending support to the offering....
...It will also offer some types of lending....
...What now for the ‘golden age’ of private credit? It was a boom year for private credit....
...For Schwarzman, lending to some companies is an almost risk-free trade that can deliver double-digit returns....
...“In a crucial decade for climate action, the sustainable bond market is the goose that laid the golden egg.”...
...Harriet Agnew Hedge funds Millennium and Schonfeld in advanced partnership talks Are hedge fund pioneers facing the end of a golden era?...
...Some even suggest a “golden moment” is in store for private lending as banking turmoil leads to retrenchment by traditional credit providers and as rates look more attractive....
...As fingers are pointed, and VCs get angry at themselves but mostly each other for destroying the goose that laid the golden egg, Silicon Valley’s partner of first and last resort — a much loved, appreciated...
...Large US banks are being inundated with requests from customers trying to transfer funds from smaller lenders, as the failure of Silicon Valley Bank results in what executives say is the biggest movement...
...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....
...Souki sold some parts of Aspen Valley Ranch and says he tried to sell others but was blocked by the bank, a claim UBS denies....
...But a flood of cash that poured into the lender, aptly named Silicon Valley Bank, during a golden age for start-ups and venture capital funds has put it in a vulnerable position as the tech sector faces...
...But the streamers were still more Silicon Valley than Beverly Hills....
...It’s a major reversal in fortunes for CTAs, who were one of the global strategy golden boys last year as inflation surged....
...But Munger warned that the golden age for investing was over and investors would need to contend with a period of lower returns....
...As regulators consider rolling back those changes following the collapse of Silicon Valley Bank, a Financial Times analysis shows lending at the three banks — PNC, US Bank and Capital One — as well as lenders...
...This is exactly what we witnessed during the Silicon Valley Bank meltdown, which saw investors try to take $42bn out of the stricken lender in a single day....
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