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...BlackRock, which has a market capitalisation of nearly $120bn, already manages a wide range of assets including roughly $130bn in long-term alternative funds and about the same in hedge funds, commodities...
...However, UL Solutions is considered to be relatively less risky than many classic IPO candidates, given its long history of profitability and investment-grade credit rating....
...The firm has long been one of Credit Suisse’s biggest investment banking clients, particularly its fixed-income trading desk....
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...“Having flexibility and having options is generally a good thing — as long as by having those options you make a good judgment....
...Kitao is the founder of Japan’s largest online brokerage, SBI, an institution first set up inside Masayoshi Son’s SoftBank but which has long since separated from the company....
...Those days are long behind us.”...
...In 2008, Blackstone acquired GSO Capital, a credit manager with $10bn in assets managed. Today, Blackstone has $300bn in credit assets, even as most of the original GSO brass have long departed....
...Hedge funds and asset managers can buy those instruments, and trade them in Macau — a place better known for casinos than financial services....
...“CVR Energy is a cash cow,” said Nick Moglia, a credit analyst with CreditSights....
...“The question mark is how deep and how long . . ....
...“We think that investors should judge our returns over the long term.”...
...Capital for the loans would come from overseas credit funds and local banks, Arora said....
...Apple is looking to generate more value from the millions of users of its devices by expanding its service offerings. Its credit card is built into its tap-to-pay wallet service, Apple Pay....
...You, a rube like Alphaville, may have noticed the looming economic downturn and think it’s a bad time to be lending to fast-growing but asset-lite Vapourware Inc owned by investment firms FaceRip Street...
...Fink and Ogunlesi have known each other since both were at Credit Suisse in the 1980s....
...The illiquid nature of private credit makes investors cautious about locking in their money for a long period, he added....
...For BlackRock, the big question is whether this deal can finally unlock a sector where it has long struggled to gain heft....
...Once the equity is gone, the promise of high-single-digit creditor returns is probably long gone, too....
...The FT profiles the Nigerian born dealmaker, who before becoming a top executive at Credit Suisse, clerked for Thurgood Marshall....
...I’ve been pretty out there about my view that the US economy is much more resilient than people give it credit for. We have a 70 per cent service-sector economy....
...“We can carry on for a long, long time,” said Nilsson. Tesla did not respond to a request for comment....
...“I do think the energy transition space is one which very much benefits from certainty because they are long-dated investments,” said Graham....
...“As long as risk-free yields remain elevated, I don’t expect this recent behaviour to materially change any time soon.”...
...Spending on the bank’s credit cards helped raise revenue in its consumer banking division by 12 per cent, while corporate spending helped push up revenue in Citi’s treasury services division, which manages...
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