Christopher Faille
New research found just 10-15% of mid-market private credit loans are scheduled to mature in the next two years.
Distressed pre-bankruptcy firms are using workarounds that allow some final-reprieve liquidity and offer risk-tolerant lenders opportunities.
Barclays sells $1.1bn in credit card debt to Blackstone’s asset-based finance group in latest deal to reduce risk assets.
Basel accords are incentivising banks to issue synthetic risk transfer securities.
KBRA says its assessment portfolio experienced ‘only a slight deterioration’ in interest rate coverage.
High court refuses request to classify loans as securities, lets a circuit court victory stand for JPMorgan and other banks.
Mubadala will hold the majority of subordinated notes in the $400m mid-market CLO.
Earnings report beats analyst expectations, with credit fund performance lining up with other asset classes.
The seventh vintage of the manager’s direct lending fund raises C$350m and targets high-quality, mid-market Canadian businesses.
The manager took a loss for a quarter and year in which credit’s “momentum” made for a bright spot.