Annual profits plummeted 52 percent.
Private Debt News
BNP Paribas looks to raise $1.1B for direct-lending fund – report
BNP Paribas expanded further into the fast-growing $1.7T private credit market as it seeks to raise €1B ($1.1B) for a new direct-lending fund, according to a media report dated Wednesday.
Aviva: DC-Pensionsfonds planen mehr Investitionen in Sachwerte
Real Asset Studie: Inflationsgebundene Renditen und Nachhaltigkeitsmerkmale ziehen weiterhin institutionelle Anleger an.
Mezzanine debt set to grow in 2024
Mezzanine deals are predicted to surge this year, as high interest rates and tighter credit conditions present opportunities for lenders. Mezzanine debt bridges the gap between senior debt and equity financing and is one of the higher-risk forms of debt, producing returns of up to 20 per cent. It had been through a decade-long period […]
CEO der Bank Julius Bär muss wegen Signa-Krediten gehen
Die Schweizer Privatbank Julius Bär hat das größte Einzelengagement aus ihrem Private-Debt-Kreditbuch in Höhe von rund 600 Mio. Euro vollständig wertberichtigt, das der insolventen Signa-Gruppe zuzuordnen ist. Konzernchef Philipp Rickenbacher nimmt seinen Hut.
How will India’s private capital market fare in 2024?
Vikram Gupta, Founder of IvyCap Ventures, and Rittik Chakrabarti, Managing Director at Houlihan Lokey, share their insights The IMF has described India as a ‘bright spot’ amid tepid global growth. What are some of the biggest factors or determinants affecting investment into India in 2024?
Skirting defaults via distressed exchanges
Speaking of recoveries: With the increased interest in private credit comes additional focus on how this opaque (unrated) asset class will perform in worst-case scenarios. Blue Owl Capital — a major player in the space — says recoveries on direct lending deals are projected to be roughly 75%, considerably higher than some projections for the […]
Julius Bär könnte wegen Signa Hunderte Millionen zusätzlich zurückstellen
Der Zusammenbruch des Benko-Imperiums kostete die Schweizer Privatbank bislang 70 Millionen Franken. Doch Experten sind sicher: Dabei dürfte es nicht bleiben.
Benefit Street Partners: $4.7 Billion Fifth Flagship Private Credit Fund Closed
Benefit Street Partners (BSP) announced the final closing of its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Consistent with prior vintages, this fund seeks to generate attractive risk-adjusted returns by investing primarily in privately originated, floating rate, senior secured loans.
KBRA Releases Research – Private Credit: Potential for European MM and Direct Lending CLOs
In this report, we discuss the evolution and current state of the European private credit market, compare broadly syndicated loan and MM CLOs, and explore other types of lending facilities to private debt portfolios. KBRA has a unique insight into the landscape and trends in private credit. A comprehensive list of KBRA publications on private […]
Morgan Stanley Direct Lending Fund sammelt beim Börsengang 103,35 Millionen Dollar ein
Der Morgan Stanley Direct Lending Fund gab am Dienstag bekannt, dass er bei seinem Börsengang 103,35 Millionen Dollar eingenommen hat.
Delivering Differentiation in Direct Lending Amid Evolving Markets
“There’s a growing differentiation between asset gatherers and true credit investors.”
ArcTern Raises $335 Million for Decarbonization Tech Venture Fund
Canada-based cleantech-focused VC investor ArcTern Ventures, announced today that it has raised $335 million in commitments for its global decarbonization venture fund, ArcTern Fund III. ArcTern’s Fund III aims to invest in technology companies that develop and innovate solutions in renewable energy, clean mobility, circular economy, sustainable food, and agriculture and industrial decarbonization.
How risky is private credit, anyway?
The accommodating US syndicated loan market saw another wave of opportunistic activity this week with some 20 speculative-grade borrowers (at last count) slashing costs of debt via a repricing, including Buckeye Partners and Jazz Pharmaceuticals. Another measure of market intensity: Dividend deals—where a PE shop loads a portfolio company with additional debt, distributing the loan […]
Banks strike back against private debt in lev loan war
Banks are set to score a victory against direct lenders by poaching a private debt loan and announcing its refinancing in the broadly syndicated loan market as soon as next week, with more trades set to follow the migration into the cheaper public markets.