Investors pile into private credit, with HPS and Goldman Sachs among those to have raised blockbuster funds
Acquisitions of investment shops have been viewed as a means of catapulting ahead in $1.7tn private credit market
The attractions for private credit funds of asset-backed lending are clear
The venture is the latest in a string of tie-ups as traditional banks try to find a place in the private credit industry
Use of fund-level net asset value loans to pay dividends falls 90% after institutional investors raise concerns
Investors pay the price for flocking to so-called cov-lite leveraged loans with reckless abandon
Pluralsight lender group marked debts at seemingly implausible highs
Investors face a wide-ranging estimate of losses on loans to Pluralsight after demand for its training videos fell
Auction attracted some of the biggest names in private credit
US asset manager aims to double size of fund in the next year
Investment manager has doubled in size in four years and is now considering IPO or merger
Deal would feed growing appetite for credit as bidders expand beyond their private equity roots
Plus, Deutsche Bank goes on a hiring spree to beef up dealmaking and UBS tries to fix Credit Suisse’s Greensill mess
Lenders are considering their options at Pluralsight, a distressed company owned by private equity firm Vista Equity Partners
Direct lenders are coming under increased competitive pressure
Wall Street bank keen to retain its foothold in one of the fast-growing segments of the asset management industry
BDCs have been criticised as instruments where external sponsors extract high fees and pursue asset growth over vigilant underwriting
Move underlines trend for private equity firms to buy back listed companies
Blackstone’s credit boss on the migration of loans from banks to asset managers
Leading players look to partner with banks rather than be their adversaries
Even the IMF underestimates the industry’s heft, according to JPMorgan
Plus, Raiffeisen Bank touts Russian growth in job ads and an investment banking boost in the US
Castlelake’s aircraft leasing focus fits private capital industry’s interest in asset-backed debts
Plus, readers reply on private credit’s excess returns
The IMF’s latest global financial stability report raises questions about the boom in the investment class
