Apollo took bearish software view with bets against corporate debt
Private capital giant shorted loans and cut exposure to sector amid concerns over threat from AI
Private capital giant shorted loans and cut exposure to sector amid concerns over threat from AI
Lending booms in developing economies even as US industry struggles following collapse of First Brands
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