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
Rating agency KBRA also warns on possible rise in defaults in fast-growing sector
Wall Street bank is building new unit to service and compete with private investment firms
Profound funding shift might contribute to huge investment needed for data centres, energy and reshoring of industry
As the industry expands, some areas should start to attract regulatory scrutiny
Will private credit reap benefits from deregulation, can the tech bubble keep inflating and will EV sales start to rise again?
World’s biggest fund manager seeks to elbow its way into industry dominated by the likes of Apollo and Blackstone
Private equity group sets up vehicle that will allow US fintech to sharply lift its lending
Deal for $10bn Silver Rock Financial underscores Gulf nation’s ambition to evolve beyond passive investing
Transaction for prized lender could cost $12bn and be announced after Thanksgiving holiday
Not great, Bob
Roy Gori says increased oversight would be a way to reinforce confidence in the insurance industry
Plus, Germany’s major industries are in crisis and police raid private equity group CVC over French football league deal
Money manager tries to catch up with rivals as investors shift into unlisted assets
Credit-focused fund enjoys fastest pace of fundraising as high yields draw investors to private markets
Fund would invest in less liquid assets including private credit
