Home News & Analysis

News & Analysis

HPS to acquire distressed debt firm

The New York-based credit manager will bring on at least three investment professionals.

San Jose pension funds set to drop private debt pacing by $50m in 2019

The two public retirement plans are set to decrease their commitments to the asset class as part of the impending implementation of a new asset allocation.

DOWNLOAD: Goldman and Drexel, the firms that spawned the private credit giants

The investment banks – one still arguably the pinnacle of Wall Street and the other a casualty of, among other factors, run-ins with federal regulators – produced some of the biggest names in alternative lending.

Cheyne hires two for strategic value credit strategy

The hires bring Cheyne’s SVC team to ten people focused on stressed but performing mid-market loans.

How the GFC changed private debt

Managers now have useful data to avoid replicating past mistakes. But some lessons may not have been learned.

Goldman Sachs BDC amends revolver to OK higher leverage

The New York-based alternative lender won approval from its shareholders in March to tap additional borrowing capacity under new US federal statutes.

Goodhart targets $200m for first minority stakes fund

The investor in boutique fund managers is looking to focus on private markets specialists, including debt managers.

WATCH: Why this family office has its own fund

Two senior execs from Blu Family Office explain in a three-minute video why they like short-term loans, but are wary of the capital flooding into private debt.

The NPL deal that could unlock the Cyprus market

Apollo’s purchase of a €2.7bn loan portfolio from Bank of Cyprus is expected to reactivate the island’s property market.

Credit investors flock to Asia despite low compensation

Among other concerns are duration risk and weakening covenants

Copyright PEI Media

Not for publication, email or dissemination