Christopher Faille
The lawsuit against founder and former CEO Patrick James comes after new management discovered First Brands' accounts had just $12m in cash.
LSEG’s FTSE Russell teams up with StepStone, and Bloomberg takes on indices from Hamilton Lane.
The world’s largest asset manager and its recently acquired private credit business are among the victims of the alleged fraud by entities now in bankruptcy.
Chapter 11 filing comes the day after Bank of England Governor discusses US auto loans with the House of Lords.
Blackstone execs do not see recent defaults as ominous for the traditional private credit market and say they are issues for the banks, as noted on the earnings call.
Miami confab sees insurance demand, excess cash, containing spread widening.
CLO structures act as a firebreak by limiting concentrations of assets from any one obligor, Moody’s says
'Private Credit+' is a $45trn opportunity globally. Direct lending, $1.5trn of that amount, is saturated, the report says.
A number of private credit firms have exposure to the latest instance of trouble in the auto and auto-parts industries.
The growing asset class is relatively well insulated from trade wars and geopolitics.