Industry transformation under way to broaden access to the asset class to mainstream of wealth portfolios
Groups left hanging with unpaid bills by Elon Musk’s efficiency drive turn to bridge loans for survival
The public markets giant now owns HPS. Its previous deal for Tennenbaum Capital Management has a troubled history
Plus, Meta’s big private credit talks and what next at BP?
Plus central bank digital currencies
It’s a family affair
Apollo, Brookfield and Pimco among the lenders in talks with Mark Zuckerberg’s social media group
When the world’s dullest industry gets very exciting
A feature, not a bug
Deal under consideration would limit taxes on dividends even as spending plan deepens debt and cuts programmes for poor
State Street private equity index outpaced by S&P 500 over 3 months and 1, 3, 5 and 10 years for first time since 2000
Rolling in the deep
Industry may become a ‘locus of contagion’ during market upheaval, report from US officials and bankers says
Spat stems from retracted study on grading of insurers’ portfolio holdings
Report highlights how direct lenders are forging increasingly close ties to more tightly regulated financial groups
Pursuit of firm founded by Lawrence Golub underscore sector’s deepening consolidation and shift towards credit
Plus, an all-cash takeover offer for Fortnox surprises short sellers and a creditor-on-creditor fight makes its way to Europe
Tie-up with AGL Credit Management launched last year with $1bn from Adia but has attracted little money since
Economic slowdown will not trigger ‘massive losses’ in sector that has witnessed rapid growth, says Jim Zelter
Insiders fear private credit and equity are ill-suited to highly liquid products for retail investors
Artis Finance told bondholders that misleading ‘amendments’ were made to key documents
SEC questions how fund will maintain liquidity and value debt as product begins trading
Move by Wall Street bank comes as increasing number of groups bypass traditional debt markets
US bank was alone among its peers in declining to break down lending by borrower type
And China’s currency peg
