Private Debt News

Just a year ago, artificial intelligence (AI) was being touted as the next big thing in private credit. Today, it has firmly established itself as part of the private market ecosystem, in a variety of ways. Many investment houses are already relying on AI to automate their back-office processes and free up junior analysts to […]

Chief executive Anders Jones said the deal includes $25m of debt and $10m of Facet equity. Facet co-founder and chief executive Anders Jones told Citywire the deal is structured as mezzanine financing and consists of a $25m loan from Multiplier and a sale of $10m worth of Facet equity. Jones said private equity firm Warburg […]

As the private debt market matures, it’s creating an opportunity for lenders to define explicitly what they mean when they describe themselves as a “middle-market” firm

Banks have seized the opportunity presented by lower interest rates to recapture corporate debt deals from private credit funds, refinancing around $30bn in private debt through broadly syndicated loans so far this year, according to a report by Bloomberg.

JPMorgan Chase & Co is joining forces with Cliffwater, FS Investments, and Shenkman Capital Management Inc to increase its footprint in the booming $1.7tn private credit market, according to a report by Bloomberg, citing unnamed sources familiar with the matter.

Citigroup Inc and Apollo Global Management Inc have announced a strategic partnership to target $25 billion in private credit transactions over the next five years, marking a significant expansion into the rapidly growing sector, according to a report by Bloomberg.

Despite global market challenges, assets under management in Luxembourg’s private debt market increased by 21% to €510bn from June 2023 to December 202, compounding on last year’s AuM growth of 51%, according to a survey by Association of the Luxembourg Fund Industry (ALFI).

Dubai-based asset manager Ajeej Capital and venture capital firm Nuwa Capital have partnered to launch a $100m private debt fund aimed at providing debt capital to technology-focused companies across the MENAT region, with a particular focus on the GCC.

Blue Owl Capital Inc is leading the $3.2bn private debt financing to support the acquisition of Smartsheet Inc by Blackstone Inc and Vista Equity Partners for $8.4bn, with participation from 20 other lenders, according to a report by Bloomberg.

The demand for private debt from corporates is on the upswing. Participants at the 7th Börsen-Zeitung Private Debt Conference discuss the different strategies of private credit providers.

An investment manager belonging to a UK pensions group has launched a private credit fund seeded by money from a defined benefit (DB) master trust. TPT Investment Management, which is part of the TPT Retirement Solutions group, has seeded the fund from TPT’s DB master trust and launches with £650 million in assets invested in […]

Not all private credit opportunities are the same, but not to worry — according to Anders Persson, CIO of Global Fixed Income at Nuveen, we are in the midst of a multi-year boom in private alternative credit, with even more growth on the horizon. The team at Nuveen is urging clients to consider broader diversification […]