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Private credit

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  • Thursday, 28 September, 2023
    Moody’s warns of ‘systemic risk’ from leveraged lending market

    Rating agency says looming ‘race to the bottom’ between banks and private debt funds could erode credit quality

    A cyclist passes the Federal Reserve building in Washington
  • Tuesday, 26 September, 2023
    Wells Fargo and Centerbridge team up on $5bn private credit fund

    San Francisco-based bank is latest to push into space dominated by alternative money managers

    The exterior of a Wells Fargo bank branch in New York
  • Thursday, 14 September, 2023
    Private equity
    ‘Defending the portfolio’: buyout firms borrow to prop up holdings

    Loans secured against private equity funds being used to support struggling businesses amid surge in interest rates

    People walk along Wall Street by the New York Stock Exchange
  • Thursday, 24 August, 2023
    Unhedged
    Private credit’s safety blanket Premium content

    Low leverage = low losses?

    A montage of New York’s financial district and dollar bills in the background
  • Monday, 21 August, 2023
    Lex
    Finastra/buyouts: sunk costs come to the fore as deals hit rocks Premium content

    New equity in old buyouts can create conflict of interest risk

    A Hilton hotel in Boston, Massachusetts
  • Saturday, 19 August, 2023
    News in-depth
    Private credit extracts tough terms from buyout shops lacking options

    Vista Equity agrees to invest $1bn in fintech Finastra in return for $4.8bn refinancing

    A montage of the logo of Vista with buildings in the background
  • Friday, 18 August, 2023
    Direct lending
    Hayfin raises €6bn to lend to European companies

    London-based firm attracts investors despite dealmaking slowdown

    Skyscrapers in the City of London
  • Thursday, 17 August, 2023
    Unhedged
    BDCs vs the credit cycle Premium content

    Even lesser BDCs pay chunky dividends, for now

    A street sign for Wall Street and tall buildings in the background
  • Monday, 14 August, 2023
    BDO LLP
    BDO partners in line for windfall after $1.3bn debt deal with Apollo

    Move comes after accountancy firm abandoned traditional partnership model

    A montage of Wayne Berson, chief executive of BDO USA, with the BDO logo in the background
  • Sunday, 6 August, 2023
    Oil & Gas industry
    Gas mogul who redrew energy map clings to ranch after loans come due

    Charif Souki pioneered the American LNG boom but now warns of homelessness in battle with UBS

    A montage of Charif Souki and the log of Tellurian in the background
  • Tuesday, 25 July, 2023
    iRobot Corp
    iRobot takes $200mn loan from Carlyle as Amazon deal price is cut

    Roomba maker seeks lifeline as proposed acquisition by ecommerce company attracts antitrust scrutiny

    iRobot’s Roomba vaccuum on a store shelf
  • Friday, 21 July, 2023
    EU tightens rules on leverage for private credit funds

    Restrictions come amid worries about financial stability risks posed by fast-growing $1.5tn industry

    Blackstone headquarters in New York
  • Thursday, 20 July, 2023
    Unhedged podcast17 min listen
    The private credit boom

    Non-bank debt is growing quickly, and without a lot of oversight

  • Saturday, 1 July, 2023
    On Wall StreetMark Vandevelde
    The real risk of private credit does not lie in misbehaviour on Wall Street

    We are only just discovering the risks and rewards of this new force in finance

    People outside Brookfield’s offices in Toronto
  • Saturday, 17 June, 2023
    On Wall StreetWilliam Cohan
    Apollo’s mission in finance

    Marc Rowan talks up the firm’s strategy that is challenging the traditional Wall Street powerhouses

    Marc Rowan, chief executive officer of Apollo Global Managemen
  • Thursday, 8 June, 2023
    Pensions industry
    BT Pension Scheme seeks to invest in private credit sector

    UK’s largest corporate retirement plan wants to take advantage of banks’ growing reluctance to lend

    Montage of BT Pension Scheme logo and pedestrians
  • Tuesday, 30 May, 2023
    News in-depthHigh yield bonds
    Wall Street banks re-enter junk debt market

    Lenders return to funding leveraged buyouts after painful year in which fees were hit hard

    Aluminum coils at the Arconic manufacturing facility in Alcoa, Tennessee
  • Tuesday, 11 April, 2023
    HPS Investment Partners LLC
    HPS assets near $100bn as credit funds move deeper into banks’ territory

    Investment manager raises $12bn for new vehicle

    Scott Kapnick, HPS chief executive
  • Tuesday, 28 March, 2023
    Big debt investors dealt blow in mattress maker bankruptcy ruling

    Serta Simmons court decision is milestone in ‘creditor-on-creditor violence’ litigation

    Sealy and Serta mattresses for sale
  • Tuesday, 7 March, 2023
    News in-depth
    Private credit groups cut out banks with largest direct loan

    Apollo and Blackstone among those poised to provide $5.5bn of debt to buyout group for purchase of 50% stake in Cotiviti

    A montage of the New York Stock Exchange and the Cotiviti logo
Previous page You are on page 1 Next page

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