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Private credit

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  • Monday, 26 February, 2024
    News in-depthLeveraged loans
    Banks strike back at private credit in ‘aggressive’ push to win deals

    About $10bn of loans have been refinanced in public markets as conditions improve due to rate cuts being on the horizon

    new
    Cotiviti signage is displayed on a monitor on the floor of the New York Stock Exchange
  • Wednesday, 21 February, 2024
    Due Diligence
    Barclays boss has a bold turnaround plan. Will it work? Premium content

    Plus, two credit card lenders strike a megamerger and private lending gets another thumbs up from Michael Dell

    The Due Diligence logo
  • Tuesday, 20 February, 2024
    Billionaire Michael Dell backs ex-Goldman executives’ new credit firm

    Family office to provide first outside funding for credit asset manager 5C Investment Partners

    Michael Dell
  • Monday, 5 February, 2024
    Leah Downey
    If shadow banking looks like a duck . . . 

    Maybe it should be regulated like one? As private credit proliferates, we must think more seriously about its risks

  • Thursday, 25 January, 2024
    Unhedged
    Are deals back? Premium content

    Plus, modelling private credit expected returns

    A montage of the Goldman Sachs logo displayed on a screen at the New York Stock Exchange
  • Thursday, 11 January, 2024
    A window into private credit marks

    There’s a Big Darn Category that shows loan valuations aren’t very consistent

  • Thursday, 11 January, 2024
    Private equity
    Hedge funds take on private equity in battle for distressed companies

    Buyout firms’ stranglehold over who can buy portfolio groups’ loans under threat as many lenders retrench

    Trading information for KKR is displayed on the floor of the New York Stock Exchange
  • Thursday, 4 January, 2024
    Is private credit a systemic risk?

    Betteridge’s Law strikes again

  • Tuesday, 2 January, 2024
    Due Diligence
    Five big finance questions for 2024

    The issues facing dealmaking, private equity, financial regulation and beyond

    The Due Diligence logo
  • Tuesday, 2 January, 2024
    Fund management
    Talent shortfall limits funds’ ability to sell wealthy clients on ‘alts’

    Asset managers struggle to hire salespeople as they move into more complex products

    Jenny Johnson, chief executive of Franklin Templeton
  • Thursday, 28 December, 2023
    Lex
    Predictions: private credit takes stock of the borrowers Premium content

    The deals have enabled some teetering groups to hang on for a couple more years

    A man speaks in front of a screen on stage promoting the company Finastra
  • Tuesday, 12 December, 2023
    KKR & Co LP
    KKR in talks to buy stake in Veritas business valued at close to $11bn

    A potential deal for healthcare technology company Cotiviti comes after earlier bid from Carlyle fell through

    Trading information for KKR on a screen on the floor of the New York Stock Exchange
  • Thursday, 7 December, 2023
    Unhedged
    The labour market’s soft landing Premium content

    And more on private credit CLOs

    An illustration of a hand holding $100 bank notes
  • Wednesday, 6 December, 2023
    Bank of England
    Bank of England warns about risks in private credit and leveraged lending

    Sectors remain vulnerable to ‘sharp revaluations’, says BoE’s financial stability watchdog

    Exterior of the Bank of England
  • Tuesday, 28 November, 2023
    Markets InsightHuw van Steenis
    Private credit boom will trigger a new squeeze

    Mid-sized asset managers likely to face competitive pressure as ‘debanking’ gathers pace

    Marc Rowan, chief executive officer of Apollo Global Management
  • 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
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