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1 week ago | 
bloomberg.com | Aaron Weinman |Davide Scigliuzzo |Ellen Schneider
It was the perfect opportunity to showcase the benefits of Apollo Global Management Inc.’s nascent private credit partnership with Citigroup Inc. Boeing Co. was selling its Jeppesen navigation unit, and whoever won the bidding would need a multibillion-dollar debt package to support the acquisition.
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1 month ago | 
financialpost.com | Olivia Fishlow |Ellen Schneider
Advertisement 1In the days before US President Donald Trump’s sweeping global tariffs were set to go into effect, private credit managers had their heads down, trying to assess the impact to their portfolios. Article content(Bloomberg) — In the days before US President Donald Trump’s sweeping global tariffs were set to go into effect, private credit managers had their heads down, trying to assess the impact to their portfolios.
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1 month ago | 
bloomberg.com | Carmen Arroyo |Ellen Schneider |Olivia Fishlow
Wall Street bankers have found themselves in a bind, and their powerful new rivals in private credit may once again hold the key to getting them out of it, at least for now. When US President Donald Trump unveiled his tariff plan and upended global markets last week, banks from Barclays Plc to JPMorgan Chase & Co. were in the process of trying to pitch more than $12 billion of debt financings for corporate buyouts and other purposes.
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2 months ago | 
news.bloomberglaw.com | Aaron Weinman |Ellen Schneider
Citigroup Inc. and Apollo Global Management Inc. are offering potential buyers of Boeing Co.’s Jeppesen navigation unit the option to fund the acquisition through the pair’s nascent private credit partnership, according to people familiar with the matter. For Citigroup and Apollo, it would mark their first private staple financing, one of the people said, in which the US investment bank leverages its merger and acquisition advisory capabilities for Boeing, with cash from the private equity firm.
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2 months ago | 
news.bloombergtax.com | Aaron Weinman |Ellen Schneider
Citigroup Inc. and Apollo Global Management Inc. are offering potential buyers of Boeing Co.’s Jeppesen navigation unit the option to fund the acquisition through the pair’s nascent private credit partnership, according to people familiar with the matter. For Citigroup and Apollo, it would mark their first private staple financing, one of the people said, in which the US investment bank leverages its merger and acquisition advisory capabilities for Boeing, with cash from the private equity firm.
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2 months ago | 
investmentnews.com | Aaron Weinman |Ellen Schneider
by Aaron Weinman and Ellen Schneider Citigroup Inc. and Apollo Global Management Inc. are offering potential buyers of Boeing Co.’s Jeppesen navigation unit the option to fund the acquisition via the pair’s nascent private credit partnership, according to people familiar with the matter. It would mark the first private staple financing, one of the people said, a form of pre-agreed funding used to facilitate an acquisition.
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2 months ago | 
bloomberglinea.com | Aaron Weinman |Ellen Schneider
Bloomberg — Citigroup Inc. (C) y Apollo Global Management Inc. (APO) están ofreciendo a los posibles compradores de la unidad de navegación Jeppesen de Boeing Co. (BA) la opción de financiar la adquisición a través de la naciente sociedad privada de crédito de ambos, según personas familiarizadas con el asunto. Supondría la primera financiación privada en grapa, dijo una de las personas, una forma de financiación preacordada que se utiliza para facilitar una adquisición.
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2 months ago | 
fa-mag.com | Ellen Schneider |Olivia Fishlow
Blackstone Inc. has won approval from the US Securities and Exchange Commission to launch its newest private credit fund, one of the latest efforts to give individuals access to assets that are mostly backed by institutions. The Blackstone Private Multi-Asset Credit and Income Fund, or BMACX, should be available for purchase in the second quarter of 2025, according to a press release. It is an interval fund, which only lets investors cash out after set periods.
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2 months ago | 
bloomberg.com | Ellen Schneider |Olivia Fishlow
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2 months ago | 
chicagobusiness.com | Claire Ruckin |Ellen Schneider |Davide Scigliuzzo
Amid a dearth of new deals, fee-starved investment bankers and private credit lenders are salivating over the prospect of Walgreens Boots Alliance Inc. going private in one of the largest leveraged buyouts since the global financial crisis. The roughly $12 billion in funding, lined up by Sycamore Partners, foreshadows a new paradigm as it brings together the traditional rivals in a bid that values the international drugstore chain at around $20 billion including debt.
