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...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....
...But several elite private schools, including Harvard, Yale and Princeton, have so far stuck by their May 1 deadlines, while being forced to switch to alternative methods of assessing financial aid to students...
...At worst, it’s shows a central risk of private credit markets, and private markets in general: Too much creativity/optimism on loan valuations can leave investors holding junkier debt than they thought....
...The managers of these capital pools buy up pieces of multiple bank loans, often stemming from private equity deals....
...Private schools fear the change would make fees unaffordable for large swaths of their students and have questioned the ethics of taxing children’s education....
...Hedge fund short seller Muddy Waters on Wednesday revealed a short bet against a New York-listed mortgage trust managed by Blackstone, the private equity giant....
...New York-listed Blackstone Mortgage Trust, which Blackstone began to manage in 2013 as part of a push to diversify its assets beyond traditional private equity investments, provides loans to commercial real...
...One adviser to private capital groups said the Eurovita episode meant it was “one step forward, three steps back” for private equity’s standing with regulators after years of trust-building....
...They’re basically investment trusts that make loans to smaller companies, have a 2x cap on leverage, usually list shares on a stock exchange and have to pay out 90 per cent of profits to investors....
...Credit cards, student loans, mortgages of any stripe, car financing, even music rights are widely securitised, but the near $3tn US universe of “commercial and industrial loans” has somehow mostly escaped...
...of euros in interest-free, unsecured loans to help them buy two private jets....
...This article has been amended to correct the measure of average interest coverage on private credit loans...
...Private equity groups stepped into fractured loan markets last year after the collapse of three large US regional lenders....
...loans.”...
...America’s latest educational movement centres on an unusual subject for students: private assets....
...In 2016, maintenance grants of up to £3,500 per year for students from less well-off backgrounds were replaced by the ruling Conservative party with loans that had to be paid back....
...He ended up making an anonymous loan....
...Breit was launched by Blackstone in 2017 as a way to give wealthy individuals access to its private real estate investment platform....
...The annual cost of accommodation eats up nearly all of the average maintenance loan, the research found, leaving students with just £24 over the year for other essentials....
...Flexibility in fee caps, so that they are actually linked to costs, demand and skills shortages, and a more progressive system of student loan repayments — which currently acts as a flat 9 per cent levy...
...Survey shows far more US voters are more likely to trust Donald Trump to handle the economy than Joe Biden....
...New curbs preventing students and care workers bringing family to the UK with them are at the core of the clampdown, but Bell said the increased salary thresholds for private sector recruitment would make...
...“There used to be hopes among students that Vicherat would help change things, but trust has now broken down,” she told the Financial Times....
...There is very little “deep” subprime lending currently and interest rates are high, now that stimulus checks are largely spent and student loan payments have been reinstated....
...The demands follow a report that found the average annual rent for private student accommodation outside London for the 2023-24 academic year would be £10,227, compared to the maximum maintenance loan of...
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