Francesca Veronesi

1 day 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.

2 days 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.

4 days ago | news.bloombergtax.com | Silas Brown |Francesca Veronesi |Kat Hidalgo

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5 days ago | news.bloomberglaw.com | Silas Brown |Francesca Veronesi |Kat Hidalgo

Banks and private credit funds are competing with each other to provide as much as €2.5 billion ($2.9 billion) of debt to insurance broker Diot-Siaci Group, people with knowledge of the matter said. The company is raising debt as Ardian, a Paris-based buyout firm, is in exclusive talksto buy Ontario Teachers’ Pension Plan’s stake.

1 month ago | bloomberg.com | Francesca Veronesi |Francine Lacqua

Private markets face meltdown if the US economy slips into a serious recession, according to Jefferies’ global head of equity strategy Christopher Wood . “If there is a real US downturn, what blows up in America is private equity, private credit,” Wood said, in an interview with Bloomberg TV on Wednesday. “But we need a real downturn, without that downturn, you won’t get the blowup.”