Investment grade credit

JPMorgan cuts exposure to the publicly traded BDC after downgrades and stock price dive.

CEO Marc Rowan says the totality of the firm’s credit business will be ‘100% daily pricing’.

Rob Groves joins the UK group to oversee its £93bn retirement annuity portfolio, which includes £22bn in private credit, as well as property and infrastructure.

Talks between domestic and international regulators will begin in April and continue throughout the summer.

The CLO issuance is routine but comes after a 0.4% decline in February, the BDC's first monthly loss in three years.

Alternative managers that sponsor structured finance JVs are using their minority stakes to bring investment grade debt to investors.

There were 11 private credit defaults in January and 89 in the trailing 12-month period.

Partnership to focus on hybrid, public/private and debt investing. Apollo sees strong growth in earnings from fees and spreads.

With a new year under way, we present the topics we think will be major talking points in the months to come.

Blackstone's IG Credit AUM is now $130bn, up 30% year-on-year.