Billionaire Tom Steyer Dodges Private-Credit Hype and Targets Niche Deals
The credit arm of Tom Steyer’s asset management firm is targeting a niche corner of private dealmaking that’s been on a different trajectory to the rest of the market.
The credit arm of Tom Steyer’s asset management firm is targeting a niche corner of private dealmaking that’s been on a different trajectory to the rest of the market.
Robert Cohen, Director of Global Developed Credit at DoubleLine, says M&A has been below trend since the pandemic and the current pickup is just the beginning. He tells Romaine Bostick ... ‘Alpha...
Add AI and fickle wealth to the mix of market jitters, and the firm provides investors the perfect focus for their worries.
Private credit losses from borrowers defaulting remain low — so has everyone just “lost their minds” and the press got “hysterical” about the risks, as Apollo Global Management Inc. Chief ... Private...
Wall Street’s top prosecutor has a warning for private-market players getting creative with their numbers. Stark divergences in how competing firms value private assets in their portfolios are drawing increasing ... Private...
Private markets will generate more than half of the money-management industry’s revenues by 2030, an increase that reflects the intensifying competition among firms to expand in private debt and equity ... Private...
Private equity firms are using insurers’ money to drive their deals, raising concerns that US retirees’ savings are being exposed to new risks.
Blue Owl Capital Inc.’s Craig Packer has been something of a mainstay on the New York Stock Exchange in recent years, ringing the opening bell multiple times to toast the ... Blue...
Apollo’s Marc Rowan says he’s not worried about Jamie Dimon’s reference to hidden “cockroaches” in private credit. (Source: Bloomberg)
Many investors now believe that private credit is bad enough to need an exterminator.