Hints and tips:
Related Special Reports
...Other investment outfits inside Brookfield’s credit group include European credit manager LCM Partners, a stake in music royalty group Primary Wave, and a technology-focused lender called Pinegrove, in which...
...financing for other private equity groups....
...between a traditional insurer and a private capital group....
...At the same time, there has been an explosion in private credit, with many buyout groups launching funds that directly compete with banks to provide financing for deals....
...In March, private equity group Permira agreed to sell fund administrator Alter Domus to rival Cinven in a €4.9bn transaction....
...“Many banks are unable to uniquely identify and systematically aggregate or measure their combined credit and counterparty risk exposures to the private equity sector,” she said in a letter sent to lenders...
...Skydance’s two-step deal is backed by private equity groups RedBird and KKR....
...Kemble’s other lenders include two Chinese state-owned banks, the Financial Times reported last week....
...Borrowers in private-credit markets, on the other hand, have a direct relationship with a smaller group of lenders....
...These caps would limit management’s ability to isolate key corporate assets and give new lenders better security than existing lenders, while still permitting some flexibility....
...The amount US financial institutions have loaned to shadow banks such as fintechs and private credit groups has passed $1tn, as regulators warn that growing ties between traditional and alternative lenders...
...The lawsuit underscores intensifying competition for talent among traditional lenders racing to expand in the fast-growing $1.7tn private credit market....
...News round-up Lenders flying blind on private equity risk, Bank of England warns (FT) Employee non-compete agreements barred by US regulator (FT) IBM nears deal for cloud-software provider (WSJ) Tesla...
...lenders....
...The UK’s Coventry Building Society has agreed to buy the Co-operative Bank for £780mn in a deal that would eventually return the private equity-owned lender to mutual ownership....
...Sixth Street, one of the largest private lenders globally, and US private equity group Silver Lake are leading the investor group refinancing Equinox’s debts....
...Here’s what Europe’s biggest private equity groups did so right, writes Craig Coben at Alphaville....
...Rover Group, in what would be one of the cheapest private credit loans on record… In response [to banks offering cheaper loans] private credit firms including Blackstone, KKR & Co., and HPS, among others...
...Lenders clearly didn’t want the keys to a bunch of troubled portfolio companies then and probably don’t want them now....
...“Returning NatWest Group to private ownership is a shared ambition and we believe it is in the best interests of both the bank and all our shareholders.”...
...The “secondaries” market — of private equity investors buying and selling existing stakes in funds and private equity groups moving assets from older to new funds — was another bright spot....
...Other large private equity groups including KKR, Blackstone and Brookfield have also prioritised originating low risk corporate debts as they grow their insurance-related assets....
...He joins from Paul Hastings, where he had headed its alternative lender and private credit group....
...Last year the firm partnered with investment giant KKR to acquire a $7.2bn loan portfolio from Canadian bank BMO, buying up debts at a time that many lenders in North America were cutting their risk appetites...
International Edition