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Expect More Private Credit M&A as Janus Henderson Completes Buyout of Victory Park
Private credit managers are in a race to get scale. We are seeing this from larger fund raises and from M&A. Expect…
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Cosmetic Surgery Loan Securitization From Cherry
San-Francisco headquartered Cherry Technologies has issued a $250m securitization backed by loans used for elective medical procedures. Cherry offers treat now pay…
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Citi and Apollo Team Up in $25bn Private Credit Push
Apollo Global and Citigoup have set up a $25bn direct lending program. Citi’s role – bring in the clients. Citi has clients…
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Push to Deregulate EU Securitization Increases As EU Regulator Weighs In
Verena Ross, the Chair of the EU financial markets regulator, backed calls for deregulating securitization in the European union. She said in…
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Possible EU Securitization Deregulation – Draghi Report
Former ECB president Mario Draghi published a report for the European Commission – in which he proposes securitization deregulation. Specifically he says:…
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What is Private Credit
What are the private credit markets? A primer on one of the fastest growing areas of the global capital markets.
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Good News for London DCM as JPMorgan Lifts Banker Bonus Cap to 10x Salary
JPMorgan is increasing its cap on banker bonuses in the UK from 2 times their base salary to 10 times. This dramatically…
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Financeit as a Case Study for Fintech Growth Through Asset-Backed Finance
FinanceIt is a Canadian fintech that provides point-of-sale financing for now over 10,000 home improvement, recreational vehicle and retail businesses in Canada.…
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Pluralsight Drop-Down Shows Importance of Covenants in Private Credit
Vista Equity Partners bought technology training platform company Pluralsight for $3.5bn in 2020. Pluralsight has $1.7bn of debt – including from Ares,…
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IMF Says to Regulate Private Credit More
The International Monetary Fund (IMF) is encouraging regulators around the world to more intrusively regulate private credit funds, the institutions that invest…