Hints and tips:
Related Special Reports
...These debts include mortgages and loans for cars, rental equipment and yachts....
...Discover would have been more difficult to get through regulators than the tie-up Discover ultimately struck with Capital One last month, because JPMorgan is already the biggest US credit card lender by loans...
...“CAA transformed from a services business culture to an equity culture,” said a person familiar with the matter....
...Last week, Oaktree Capital co-founder Howard Marks told clients the group was trying to raise $10bn to fund loans for big buyouts....
...Private credit groups are now banding together to assemble a $5.5bn direct loan to fund Carlyle’s purchase of a stake in Cotiviti, the largest private loan ever contemplated, according to four people with...
...The loans are not just feeding Apollo’s wholly owned insurance operation, Athene....
...UBS has agreed to sell $8bn worth of loans to private capital group Apollo as part of a renegotiated deal to hive off a Credit Suisse business that securitised loans for assets such as yachts....
...While it has a credit card loan book of $137bn, it also has issued a significant volume of auto and commercial loans....
...Here’s a telling Barclays chart from a great post Alex wrote last week on the ∾ cough ∾ curiously divergent marking of some BDC loans....
...Roughly $10bn of so-called private credit loans have been refinanced in public markets, as borrowers pay down burdensome loans in favour of a cheaper alternative, according to data from Bank of America....
...Last week, it announced it had made a new loan to executive networking company World 50 and while filings show it was already a lender to the company, a person close to Barings described it as a “net new...
...the loan....
...Separately, it paid a $25mn penalty to the CFPB related to private student loan servicing practices. “Capital One is a healthy, well-managed, well-capitalised bank....
...It had handled the issuing of most of Ant’s securities that were backed by its online loans. However, regulators have still not approved Ant’s application....
...The $552.5mn funding is in the form of a secured loan to law firm Pogust Goodhead, and is the largest ever to a UK law firm in the nearly $16bn litigation funding market....
...Private equity firms are also using margin loans to conjure cash....
...Relying on NAV loans is not without its risks....
...It ultimately turned to Goldman Sachs for the NAV loan and used those proceeds to pay off the junior loan....
...The credit business Zito leads includes roughly $461bn of the firm’s investments across structured credit, corporate bonds and loans and private credit....
...Smart reads Blurred lines Two of Abu Dhabi’s biggest banks have reported billions of dollars in loans in recent years tied to their boards that include high-profile royal family members, The Wall Street...
...loans, consumer lending and so on....
...Lenders briefly pushed to split the loan into a senior and junior one....
...Earlier this year, Vista hired Goldman to arrange a $1.5bn loan secured against its portfolio companies, the FT has previously reported. Some of the money was used to pay investors....
...Apollo’s lending business originated $23bn in loans in the latest quarter to finance companies such as semiconductor group Wolfspeed, AT&T and Air France....
...With Athene, Apollo can raise funds cheaply by selling long-term annuities and then use that money to make senior secured loans at much higher rates....
International Edition