Private credit
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Apollo’s Zito Warns of 20 Cent Recoveries on Some Software Private Credit Loans
Apollo’s co-president John Zito warned that recoveries on some private credit loans to software companies could be 20 to 40 cents on the dollar.
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MFS – Suspected Private Credit Fraud – The Big Picture Implications
The MFS private credit default and allegations of fraud raise the risk that there are hidden systemic risks from fraud and bad underwriting across the private…
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Blue Owl’s Retail Private Credit Fund Problem – The Key Issues
Problems with Blue Owl’s retail-focused private credit fund have triggered worries about valuations across the private credit market.
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Creditors Ask Court to Throw Out Optimum Antitrust Case that Could Change the Future of the Private and Public Credit Markets
The precedent set in this transaction will affect the relative power of creditors and issuers in stressed situations.
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Primer: SRT Trades
Over $1 trillion of assets has been protected by Significant Risk Transfer trades since 2016.
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Buyside: ADIA and MUFG Back AlbaCore’s New European Senior Lending Strategy
The European private credit market is a rapidly growing part of the European debt capital markets. This first close gives AlbaCore $1.8 billion of investable capital…
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US Private Credit Default Rate Up From 5.0% To 5.7%
Borrowers who took on private credit debt when interest rates were low have faced much higher interest rates over the last few years – putting pressure…
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Privately-Placed Residual Interest Securitization From CPS
The deal was bought by a single institution as a privately placed deal. The deal was structured as asset-backed notes.
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Private Credit – JPMorgan Raises The Bar With $65 Billion Dry Powder
JPMorgan is to invest $65 billion in private credit – $50 billion from its balance sheet and $15 billion from co-lenders. JPMorgan CEO Jamie Dimon has…
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M&G Buys P Capital (€4bn AUM) – Private Credit Consolidation Accelerates
This is part of a trend of consolidation in private credit – with scale being seen as key to winning assets in an increasingly competitive market.…