Kat Hidalgo

1 week ago | news.bloomberglaw.com | Kat Hidalgo |Scott Carpenter |Laura Benitez

Neuberger Berman Group has sold around $1.2 billion of securities backed by cash flows from a series of funds it oversees, a move that will free up more money for the asset manager. Known as a collateralized fund obligation, the deal consisted of bonds rated A- and BBB-, as well as a first-loss piece, according to people with knowledge of the transaction, who asked not to be identified discussing a private deal.

3 weeks ago | news.bloombergtax.com | Laura Benitez |Kat Hidalgo

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3 weeks ago | bloomberg.com | Laura Benitez |Kat Hidalgo

Coller Capital has bought a direct lending portfolio worth $1.6 billion from a unit of Brookfield Wealth Solutions, in one of the largest such deals on record. The portfolio includes more than 3,000 loans, making it one of the biggest transactions in the secondary market for private credit, according to a statement seen by Bloomberg News. Coller Capital specializes in secondaries, while the seller American National was acquired by Brookfield Wealth Solutions in 2022.

1 month ago | news.bloombergtax.com | Kat Hidalgo |Silas Brown

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.

1 month ago | news.bloomberglaw.com | Kat Hidalgo |Silas Brown

Macquarie Group Ltd.is looking to bring investors into a European direct lending platform in a bid to grab a bigger slice of the $1.6 trillion world of private credit. While the Australian bank has a lengthy track record in direct lending, its investments have largely come from its balance sheet. The initiative will involve combining that with new investors at a ratio of four to one, said Patrick Ottersbach, head of EMEA private credit at Macquarie Capital, in an interview with Bloomberg.