There are growing indications of a new cycle in the credit market as pressure on borrowers grows and default rates rise.
Deals approaching $10bn are becoming possible for direct lenders, says James Reynolds of Goldman Sachs Asset Management. In this podcast, he explains the firm's new climate strategy and expresses optimism over levels of deployment and the M&A market.
Partners look to extend $2.5bn in venture debt to tech world for years to come.
Launched with Morningstar’s blessing, the firm’s February securitisation has 435 underlying loans.
The vehicle's final size includes SMAs and a rated note structured for insurance companies.
BXCI makes a minority investment in the alternatives manager.
The purchase is set to close in Q3. The all-stock deal will add a manager with $50bn of AUM.
The secondaries platform claims the deal will have significant ramifications for wealth managers looking to provide clients with private markets solutions.
Deal numbers are already climbing, and a mixture of further bank disintermediation and changes in private equity sentiment are likely to lead to more transactions in 2025.
The decision increases uncertainties for creditors and distressed debtors contemplating liability management deals.