Carmen Arroyo

New York

Credit Reporter at Bloomberg News

Credit reporter at @business. Previously @euromoney via @columbiasipa @unav. Castellana. Opinions my own.

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Articles

Bank Lending to Private Credit Funds Swells 145% in Five Years - Bloomberg

1 week ago | bloomberg.com | Carmen Arroyo |Yizhu Wang

Wall Street banks have emerged as the staunchest financial supporters of the $1.7 trillion private credit industry, with the volume of their loans to private debt funds soaring 145% over the past five years.
Bank Lending to Private Credit Funds Swells 145% in Five Years

1 week ago | news.bloombergtax.com | Carmen Arroyo |Yizhu Wang

Wall Street banks have emerged as the staunchest financial supporters of the $1.7 trillion private credit industry, with the volume of their loans to private debt funds soaring 145% over the past five years. US banks, typically in fierce competition with private credit firms, are enabling their rivals’ boom.
Bank Lending to Private Credit Funds Swells 145% in Five Years

1 week ago | news.bloomberglaw.com | Carmen Arroyo |Yizhu Wang

Wall Street banks have emerged as the staunchest financial supporters of the $1.7 trillion private credit industry, with the volume of their loans to private debt funds soaring 145% over the past five years. US banks, typically in fierce competition with private credit firms, are enabling their rivals’ boom.
Office-Bond Bet Gone Wrong Deals Lord Abbett a $60 Million Blow

1 week ago | bloomberg.com | Carmen Arroyo |Natalie Wong

The Aspiria campus, formerly the headquarters of telecom giant Sprint, in Overland Park, Kansas, in 2001. (Bloomberg) -- Lord Abbett & Co. was dealt a more than $60 million blow on a commercial mortgage-backed security tied to an office campus in suburban Kansas City, after the underlying loan was sold at a steep discount.
Spate of New Deals Unveil Deep Shift in Private Equity Takeovers

2 weeks ago | bloomberg.com | Erin Fuchs |Carmen Arroyo |Davide Scigliuzzo

Welcome to Going Private, Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we examine the growing convergence of private and public markets, bleak prospects for up-and-coming venture capitalists and a rare private credit auction. But first, a look at how private equity firms are revolutionizing the way they finance buyouts. If you’re not already on our list, sign up here. Have feedback?
Diameter Files to Launch Retail Fund for Private Credit, CLOs

2 weeks ago | news.bloombergtax.com | Carmen Arroyo

Diameter Capital Partners filed to launch a retail credit fund with a focus on private assets, the latest firm to partake in the effort to woo affluent individuals. The investment firm’s closed-end vehicle, dubbed Diameter Dynamic Credit Fund, will invest as much as 40% in private credit, including direct lending, according to a Wednesday registration filing with the Securities and Exchange Commission.
Diameter Files to Launch Retail Fund for Private Credit, CLOs

2 weeks ago | news.bloomberglaw.com | Carmen Arroyo

Diameter Capital Partners filed to launch a retail credit fund with a focus on private assets, the latest firm to partake in the effort to woo affluent individuals. The investment firm’s closed-end vehicle, dubbed Diameter Dynamic Credit Fund, will invest as much as 40% in private credit, including direct lending, according to a Wednesday registration filing with the Securities and Exchange Commission.
Rare Private Credit Auction Seeks Bidders in Market Trading Test

2 weeks ago | bloomberg.com | Carmen Arroyo

(Bloomberg) -- Stifel Financial Corp. is seeking buyers for about $250 million of direct loans held by a client, turning to a practice common in the broadly-syndicated market but rarely seen in private credit to sell the debt. The boutique bank is taking offers for more than a dozen loans via a so-called bids-wanted-in-competition process, according to people with knowledge of the situation.
Rare Private Credit Auction Seeks Bidders in Market Trading Test

2 weeks ago | news.bloomberglaw.com | Carmen Arroyo

Stifel Financial Corp. is seeking buyers for about $250 million of direct loans held by a client, turning to a practice common in the broadly-syndicated market but rarely seen in private credit to sell the debt. The boutique bank is taking offers for more than a dozen loans via a so-called bids-wanted-in-competition process, according to people with knowledge of the situation.
Jefferies Fraud Suit Against Ex-Fund Manager Tossed by Judge (1)

2 weeks ago | news.bloombergtax.com | Ava Benny-Morrison |Carmen Arroyo |Jonathan Randles

A Jefferies Financial Group Inc. hedge fund’s lawsuit claiming it was defrauded by a former portfolio manager who invested $100 million of its money in a Ponzi-like scheme was dismissed by a federal judge. The fund, 352 Capital, inappropriately sued Jordan Chirico under a federal racketeering statute that doesn’t allow for the fraud claims it brought, US District Judge Valerie Caproni ruled Tuesday in Manhattan.