In a tough year, private credit bosses are pointing fingers
Firms like Apollo find it hard to shake narratives formed by legacy private equity and distressed debt operations
Firms like Apollo find it hard to shake narratives formed by legacy private equity and distressed debt operations
Insider purchases intended to support stock in wake of abandoned merger
Asset manager blocks redemptions from one of its first private debt vehicles targeting wealthy individuals
Investors and regulators should sharpen scrutiny of risky lending practices and interlinkages
Plus, the mega-deal rippling through Wall Street, Hollywood and Washington, and pharma groups stressing buyout firms
Rising holdings of the asset class could lead to problems when the next downturn comes
Lenders emphasise their safety and private credit’s riskiness. In reality, the two are intertwined.
US private capital groups to take part in Bank of England review amid concerns over systemic risks
Plus, private credit lenders submit to stress tests and a tumultuous few months at commodities trading giant Gunvor
Defendants who own large chunks of $26bn distressed debt pile include Apollo, Ares, BlackRock and Oaktree