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...out when Credit Suisse collapsed last year....
...hedge fund Beach Point....
...Blackstone’s fund invests with managers including New York-based Two Sigma, one of the world’s biggest quantitative hedge fund firms, Florida-based credit manager Bayview and London-based emerging markets...
...It is also the biggest fund ever raised by Brookfield, which manages $850bn across sectors spanning real estate, credit and insurance, renewable energy and corporate buyouts....
...I don’t think what has happened [at Credit Suisse was] about [needing] more capital,” he added....
...It plans to raise $300bn in new assets by 2026 among dozens of funds....
...Wealthy individual investors also poured more than $8bn into Blackstone’s funds, including $2.7bn for a recently launched private equity fund targeting so-called retail investors....
...Private credit funds stepped into the gap, writing multibillion-dollar loans to companies including Norwegian online classifieds company Adevinta and software maker New Relic, and providing money at a time...
...Rising public equity market valuations and demand from credit funds to make new loans are fuelling a recovery in activity....
...The concern is that the redemption constraints imposed by private debt fund managers can pressure LPs balance sheets and fuel some contagion....
...North American private-credit funds have on aggregate called more capital from investors than they’ve distributed for several years now....
...Private credit and equity funds have boomed. There are obvious dangers in this. Some unicorns have terrible governance....
...Peltz claims credit for Disney’s share price gains, saying the fresh campaign he launched in October has helped fuel the rally....
...Industry executives said they expected a flurry of other private credit funds to follow as they look for new sources of leverage....
...Blackstone has attracted more than $100bn in investment to its retail property and credit funds it sold to individual investors and built a staff of hundreds of sales and marketing employees to handle their...
...Catalogue owners in the past often financed themselves with credit facilities from banks....
...“CVR Energy is a cash cow,” said Nick Moglia, a credit analyst with CreditSights....
...The Fed’s path will be dependent on inflation and private credit funds will have to navigate a possible slowing economy as well as the cascading effect that has on the loans they’ve hoovered up over the...
...But interest rates rose sharply after that, and the asset — which KKR had acquired via its private credit unit — became relatively less attractive....
...Smart reads Flawed valuations Fund managers in the private credit industry are often valuing their loans more generously than others do. Regulators are starting to worry, Bloomberg reports....
...Job moves Kirkland & Ellis has hired Alex Amos as a partner in the investment funds group focused on credit funds. Amos previously worked at Macfarlanes....
...The targets signal his belief that he has identified ways to accelerate activity within the group, particularly in its fast-growing credit and insurance-based investment units....
...The synthetic variant keeps assets on a bank’s balance sheet but transfers a portion of the credit risk to third parties such as hedge funds via derivatives or guarantees....
...Since taking the helm at Carlyle earlier this year, Schwartz has focused on growing its credit and insurance-related investment assets, debt and equity underwriting operations, and funds designed for wealthy...
...Wells Fargo has partnered with asset manager Centerbridge to launch a $5bn private credit fund that will lend to midsized US companies, as banks race to find a toehold in the rapidly growing private credit...
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