Ellen Schneider

New York

Private Credit Reporter at Bloomberg Tax

Reporter @JaxBizJournal

Featured in: Favicon

bloombergtax.com Favicon

bloomberg.com Favicon

yahoo.com (+2) Favicon

financialpost.com Favicon

bnnbloomberg.ca Favicon

bloomberglaw.com Favicon

leaderpost.com Favicon

accountingtoday.com Favicon

fa-mag.com Favicon

news.bloombergtax.com + 1 more

Articles

Freedom Mortgage Hunts for Deals in Competitive Home Loan Market

1 week ago | news.bloomberglaw.com | Carmen Arroyo |Ellen Schneider

Freedom Mortgage, a US mortgage lender, is seeking as much as $1 billion of private debt financing to pursue acquisitions of mortgage servicing rights, according to people with knowledge of the matter. The nonbank lender is working with Jefferies Financial Group Inc., which is reaching out to potential lenders, said the people, who asked not to be identified discussing private information. Talks are ongoing and the terms of both the financing and potential purchases may change, the people added.
Private Equity Stuck in Limbo Gets Help From Direct Lenders (1)

2 weeks ago | news.bloombergtax.com | Ellen Schneider |Olivia Fishlow

As private equity firms struggle to sell the companies they own and return cash to investors, their counterparts in the world of private credit are offering special loans to tide them over. Direct lending arms at shops from Ares Management Corp.
Private Equity Stuck in Limbo Gets Help From Direct Lenders (1)

2 weeks ago | news.bloombergtax.com | Ellen Schneider |Olivia Fishlow

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
Private Equity Stuck in Limbo Gets Help From Direct Lenders (1)

2 weeks ago | news.bloomberglaw.com | Ellen Schneider |Olivia Fishlow

As private equity firms struggle to sell the companies they own and return cash to investors, their counterparts in the world of private credit are offering special loans to tide them over. Direct lending arms at shops from Ares Management Corp.
Private Credit Rolls Loans Into New Funds to Repay Investors (1)

3 weeks ago | news.bloomberglaw.com | Olivia Fishlow |Kat Hidalgo |Francesca Veronesi |Ellen Schneider

Private credit firms are flooding the market with continuation funds, as a lack of mergers and acquisitions, a fundraising drought and US tariff-induced volatility force them to find other ways to return cash to investors. These vehicles are a type of secondary transaction, once reserved for private equity firms that needed to hold on to their investments longer. Managers can roll over an existing portfolio of assets into a new fund with new investors.
Private Credit Rolls Loans Into New Funds to Pay Back Investors

3 weeks ago | news.bloomberglaw.com | Olivia Fishlow |Kat Hidalgo |Francesca Veronesi |Ellen Schneider

Private credit firms are flooding the market with continuation funds, as a lack of mergers and acquisitions, a fundraising drought and US tariff-induced volatility force them to find other ways to return cash to investors. These vehicles are a type of secondary transaction, once reserved for private equity firms that needed to hold on to their investments longer. Managers can roll over an existing portfolio of assets into a new fund with new investors.
Blackstone Leads $1.5 Billion Financing for Baker Tilly Merger

3 weeks ago | news.bloomberglaw.com | Ellen Schneider

Blackstone Inc. led a private credit deal of around $1.5 billion to support Baker Tilly’s merger with Moss Adams, according to a person with knowledge of the matter. The new debt consists of a $925 million term loan, a $400 million delayed draw term loan and a $130 million revolving credit facility, said the person, who asked not to be identified discussing private information. The financing is alongside $1 billion of privately placed existing debt, they said.
Private Credit Eyes Gap in US Infrastructure as DC Funding Dips

1 month ago | news.bloombergtax.com | Aashna Shah |Ellen Schneider

Private credit firms are seeing an opportunity to finance everything from public transit systems to local utilities as the federal government and banks pull back on funding. US state and local infrastructure is in need of alternative funding sources as pandemic-era stimulus funds wane and the Trump administration seeks to cut costs. As inflation drives up construction costs and government balance sheets are pressured by higher expenses, there are fewer dollars to be allocated to projects.
Private Credit Eyes Gap in US Infrastructure as Federal Funding Dips

1 month ago | bloomberg.com | Aashna Shah |Ellen Schneider

Workers pave a state highway in Streator, Illinois. (Bloomberg) -- Private credit firms are seeing an opportunity to finance everything from public transit systems to local utilities as the federal government and banks pull back on funding. US state and local infrastructure is in need of alternative funding sources as pandemic-era stimulus funds wane and the Trump administration seeks to cut costs.
Private Credit Eyes Gap in US Infrastructure as DC Funding Dips

1 month ago | news.bloomberglaw.com | Aashna Shah |Ellen Schneider

Private credit firms are seeing an opportunity to finance everything from public transit systems to local utilities as the federal government and banks pull back on funding. US state and local infrastructure is in need of alternative funding sources as pandemic-era stimulus funds wane and the Trump administration seeks to cut costs. As inflation drives up construction costs and government balance sheets are pressured by higher expenses, there are fewer dollars to be allocated to projects.