Private credit Financial News

14.09 / 11:37

UPS Man Action Strategy Barrett show private credit Fund giants want a piece of the $1.5T private credit action

Investcorp SA’s Jeremy Ghose is a popular man. Ever since the $50 billion firm snapped up alternative-credit manager Marble Point late last year, he’s been juggling calls from bankers and firms pitching similar deals.

01.09 / 12:05

Target JPMorgan Action Strategy Chase private credit Barclays directly targets private credit funds

Barclays Plc has earmarked cash from its balance sheet to hold corporate loans and compete directly with private credit funds, according to people with knowledge of the matter, as more banks look for ways to gain a foothold in the $1.5 trillion market for private debt.

26.08 / 14:37

COST UPS Manufacturing Chase performer private credit Overcrowding of private credit funds leading to underpricing of risk

private credit market has led to underpricing of risk and distortion of the market, EY said in a report. In the past six months, global and domestic funds have raised more than $2 billion to invest in performing credit, stressed credit and special situation opportunities, it said. There is strong interest among family offices and high net worth individuals to invest in private credit funds, said the report.

18.08 / 17:03

COST Target Reuters Allianz show private credit Allianz bolsters private credit bet with new $1.6 billion fund

By Pablo Mayo Cerqueiro

17.08 / 19:45

Provident CEO Strategy Enterprise performer tenor private credit Returns Private credit funds turn innovative to deliver high returns

Davidson Kemper, Ares SSG, and Varde Partners. Going beyond consortium loans with a fixed coupon and tenor, advisors are cobbling together lenders to fund borrowers at different rates and with different tenors to create more grades in the seniority of claimants in repayment schedule.

14.08 / 07:17

Target AXY Aware Platform private credit Axis AMC launches private credit fund; eyes Rs 1,250 cr corpus

Axis Asset Management, the mutual fund arm of private sector lender Axis Bank Ltd, has launched a private credit alternative investment fund (AIF) and is aiming to raise as much as Rs 1,250 crore from investors, said people aware of the development. The private credit fund is part of Axis Mutual Fund’s alternative assets business, which comprises late-stage private equity and real estate AIFs on the private markets side, and portfolio management services and long-only equity AIFs on the public markets side.

08.08 / 06:19

UPS Provident Gap Indian private credit Indian private credit funds rush to fill gap left by banks

private credit business, filling a void left by banks and non-bank lenders and mirroring a pick-up in activity across Asia. Private credit funds typically invest in debt or hybrid securities of unrated and lower-rated companies.Kotak Alternate Assets Managers (KAAM), Edelweiss Alternatives Asset Advisors, InCred Alternative Investments and Vivriti Asset Management are all looking to increase the size of such funds or raise new funds, officials at these firms said.

08.08 / 01:13

UPS IPO Provident Target FIVE performer private credit ASK wealth advisory arm unveils 1st private credit fund

ASK Private Wealth, the wealth advisory and family office arm of ASK Group, has joined the likes of Avendus and Vivriti by launching its first private credit fund to raise up to ₹1,000 crore to lend to corporates in the performing credit space. ASK has hired Shantanu Sahai former head of debt at Nomura India as senior managing partner and head of the fund.

25.07 / 05:01

performer country private credit India’s Piramal plans to raise $1.5bn for private credit

Piramal Alternatives plans to raise $1.5 billion for investment in India’s high-yield companies via private credit, according to its chief executive officer. The unit of Piramal Group, which is controlled by billionaire Ajay Piramal, has four existing private credit funds that together have raised $4 billion, said Kalpesh Kikani, managing director and chief executive officer at Piramal Alternatives.

20.07 / 23:35

UPS Provident FIVE CEO Strategy star private credit Asia's private credit markets thrive as desperate borrowers find lenders

By Rae Wee

13.07 / 11:15

UPS Provident Man Strategy POT boost private credit Pimco to boost hiring for push into private credit

Pacific Investment Management Co. has a decent record of betting on distress. Almost a decade ago, the firm managed to cope with the chaotic departure of its founder Bill Gross because of the fortune it made from snapping up cheap mortgage debt after the financial crisis.

12.07 / 20:11

UPS FIVE Booking CEO Telegram private credit The massive hiring in 2023 is in private credit

It's not just multi-strategy hedge funds that are going all out on recruitment this year. Recruiters covering theprivate credit space say they too are awash with work, and that they're only likely to become more busy.

06.07 / 07:33

companies Acquisition private credit Man Group to acquire $11.8bn US private credit manager

Incoming Man Group CEO Robyn Grew (pictured), said Varagon will be an «additional investment engine».

05.07 / 16:05

private credit Bank of England says firms should be ‘very careful’ over private equity and private credit

A senior figure at the Bank of England has warned lenders to be "very careful" in the private equity and private credit markets amid a rise in interest rates.

04.07 / 14:23

UPS Target Manufacturing CEO Strategy private credit Financial JM Financial debuts private credit fund to raise ₹600 cr in first close

₹600 crore (around $73 million). The fund is managed by JM Financial AMC as Investment Manager. Mumbai-based JM Financial Group will invest debt capital in local companies via a new fund, adding another asset class to its portfolio that already includes private equity, distressed assets, non-banking finance and mutual funds.

30.06 / 13:05

UPS FIVE CEO Fallout Southern Shell co-CEO private credit Private credit refinancing shows concerns about sector overblown: Ninepoint co-CEO

Private credit funds have been under scrutiny in recent months as rising interest rates prompted some observers to worry that the handsome returns generated by lending to companies that can’t get traditional bank financing might not stand the test of time.

29.11 / 03:09

UPS Provident Strategy private credit BNP Paribas eyes move into private credit as leveraged lending dries up

BNP Paribas is eyeing a move into private credit, which could provide an alternative source of funding for major M&A deals as traditional bank lending dries up.

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