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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 increases the amount that…
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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, Benefit Street, Blackrock, Blue…
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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 in these funds and…
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Goldman Grows Bet on Private Credit with Kennedy Lewis Investment
Expect to see more deals like this as higher rates make the markets tougher for private credit managers.
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AGL, Barclays and ADIA join forces to invest in private credit
AGL Credit Management (AGL), Barclays and the Abu Dhabi Investment Authority (ADIA) have teamed up to invest in private credit. AGL has launched a new vehicle,…
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Gramercy Lends $552m To Fund Environmental Litigation
US-based emerging-markets-focused hedge fund Gramercy has issued a $552.5m secured loan to London-headquartered law firm Pogust Goodhead. This is the largest litigation funding loan to a…
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Wells Fargo and Centerbridge Join Forces To Launch $5bn Private Credit Fund
Wells Fargo and Centerbridge Partners are launching a $5 billion private credit fund. The strategy will target non-sponsor-backed North American middle market companies. Investors in the…
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What $100 Oil Means For Credit Markets
Brent crude oil prices topped $95 per barrel today – continuing their 30% rally since June. Saudi Arabia and Russia decided to reduce their supply in…
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Private Credit – Citi and Viola Provide French Startup Defacto With €167m Warehouse Facility
Citi and Viola Credit have provided French SME lending startup Defacto with a warehouse facility of up to €167m. Citi is providing the senior piece and…
Markets
Private credit
Direct lending, opportunistic credit, asset-based finance, and the capital formation behind them – evergreen vehicles, insurance balance sheets, retail access. We track fundraising and deal flow.