Doch kann man sagen: Fremdkapital ist das neue Eigenkapital? Klar ist, dass Bankkredite und Darlehen sicher nicht Risikokapital von VCs und Business Angels ersetzen werden wird. Aber: „Fremdkapital hat Vorteile und Nachteile“, sagt etwa Hansi Hansmann, eienr der bekanntesten Investoren in Europa. „Fremdkapital ist üblicherweise deutlich billiger als Equity, ganz egal, ob du jetzt 4 […]
Private Debt News
Logistik: Fremdkapitallücke für deutsche Gewerbeimmobilien wächst bis 2030
Kreditvergabe von Banken ist deutlich restriktiver geworden. Investoren müssen Finanzierungslücke von 25,3 Milliarden Euro mit Eigenkapital decken. Erhöhter Restrukturierungs- bzw. Verkaufsdruck ist absehbar.
Benko und Julius Bär: Die Bank rannte mit offenen Augen ins Verderben
Was wusste die Finma über die Benko-Kredite? Laut Insidern begleitete die Bankaufsicht Julius Bär eng. Dennoch kam es zum Debakel.
Mirova Raises over $280 Million for Emerging Markets-focused Climate Fund
Sustainability-focused investment manager Mirova announced today that it has reached $282 million in commitments for the Mirova Gigaton Fund, its blended finance debt fund aimed at accelerating the clean energy transition in emerging markets, reaching more than half of the fund’s $500 million target a year after launching.
The Market for Private Credit Professionals Is Warming Up
The prospect of lower interest rates and more lending activity is expected to accelerate hiring of private credit and structured finance professionals in 2024. The pace of hiring across the many flavors of private credit and structured finance slowed during the first half of 2023, while the Federal Reserve continued to raise its benchmark interest […]
Julius Baer to exit private debt business following $689 million Signa losses
Annual profits plummeted 52 percent.
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 […]