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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...Many of the businesses now underwrite their own debt deals, lending either directly to companies or against a host of assets....
...Bank’s lending arm....
...Advisers at the UK’s biggest wealth manager St James’s Place owe £920mn in business loans through a scheme facilitated by the company that allows them to buy clients from other advisers....
...So far, its lending has funded 1,800 homes. It has financed projects including 316 rental homes in Bath and a joint loan with insurance group Generali for 65 homes for sale in Canary Wharf....
...Total CDFI lending in the UK reached £248mn in 2022, according to trade body Responsible Finance....
...The deal will greatly expand Home Depot’s reach among contractors and builders....
...KKR last month told investors that lending to high-rated companies was part of a $40tn opportunity amid a “structural shift away from the traditional commercial banking model.”...
...We make loans to really large companies with over $200mn of Ebitda at 40 per cent loan to value, or 45 per cent. Pre-GFC, those would have been smaller companies and 65, 70, 75 per cent loan to value....
...Instead, they said consumer spending remained strong, and much of the drop in lending came from large companies, which have used their excess cash, or better markets, to pay down debt....
...On Reddit there are complaints about the company going back three years, many of which claim they paid the company $1,000 or more and never got a loan....
...A deal would give Boehly’s Eldridge Industries a foothold in the fast-growing market for lending to private European companies, building on its investments spanning insurance, asset management, technology...
...New lending to UK commercial real estate fell to a historic low in 2023 as lenders and investors struggled with falling property values, higher debt costs and pressure to deal with troubled loans....
...Here, CLO tranches can get a better credit rating than underlying loans. Still, the trend towards non-bank lending looks unstoppable....
...Speciality finance lending looks a promising new seam for private credit companies to mine....
...The prospectus is careful to note that Sotheby’s lending arm did not get swept up in the recent boom and bust in digital artwork, however: SFS does not originate loans secured by a non-fungible token or...
...More recently, Westlake and Hankey’s other companies have used large data models and artificial intelligence to push their subprime lending business into healthcare, elective medical procedures and jewellery...
...“Over the course of the year, look for loan losses to continue to grind higher,” said Jason Goldberg, banking analyst at Barclays....
...Payment services company Magnati was spun out of First Abu Dhabi Bank and is now majority owned by Canadian private equity giant Brookfield....
...“Private credit typically involves lending to unrated or unlisted companies and is therefore less transparent,” he says....
...Historically, these large banks have been called on to bail out struggling companies during times of distress, such as through buying stakes in troubled local banks and offering more bailout loans to developers...
...After a slight pick-up in loan growth in the fourth quarter, some ECB policymakers had expressed concern that a rebound in bank lending could fuel a revival of inflation this year....
...money to companies....
...Some analysts think falling loan demand from companies will increase the chances of rate cuts in June and at most of the four other remaining ECB meetings this year....
...Chang’s and business technology provider Computer Services Inc....
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