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    Private credit

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    • Friday, 24 November, 2023
      Investments
      Buy cheap and sell to rubes: a scientific guide to wine investing

      Cellar’s remorse

    • Friday, 24 November, 2023
      Due Diligence
      Why banks are desperate to get into private credit

      Plus, a clash of corporate titans in Japan

      Due diligence logo
    • Thursday, 16 November, 2023
      Blackstone Group LP
      Blackstone borrows to boost lending power of $52bn credit fund

      Private equity firm raises funds through collateralised loan obligation secured by its portfolio

      Signage outside the Blackstone headquarters in New York
    • Wednesday, 15 November, 2023
      Fund management
      Manulife to buy CQS in end of an era for Michael Hintze

      The Tory donor will step back from his firm as the Canadian money manager bulks up in private credit

      Lord Michael Hintze
    • Thursday, 9 November, 2023
      News in-depthNikkei Asia
      Private credit catches on in Asia as high rates squeeze other funding routes

      Investors hunt for private equity-like returns through debt financing

      A montage of a map of Asia and coins in front of a laptop
    • Tuesday, 7 November, 2023
      Unhedged
      The next corporate debt crisis Premium content

      How dangerous is higher for longer?

      A view of commercial buildings from the ground up
    • Wednesday, 1 November, 2023
      Apollo Global Management LLC
      Apollo reworks pay for executives among ‘next generation’ of leaders

      Heads of private equity, credit and insurance will give up current packages for $550mn in stock grants

      Marc Rowan, Apollo chief executiv
    • Monday, 16 October, 2023
      InterviewInsurance
      JC Flowers warns of systemic risk as insurers binge on private credit investments

      US investor raises alarm over flood of money into assets such as securitised products and private debts

      J Christopher Flowers
    • Friday, 13 October, 2023
      Private credit funds step in for companies facing mountains of debt

      KKR’s PetVet is latest to turn to direct lenders as $3bn loans approach maturity

      US dollar bills
    • 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
    Previous page You are on page 1 Next page

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