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1 week ago | 
bloomberglinea.com | Kat Hidalgo |Neil Callanan |Michael Nagle
Bloomberg — Los fondos de cobertura están apostando a que las guerras comerciales, la contracción de la economía y el aumento de la tensión entre los prestatarios comenzarán a golpear al crédito privado en EE. UU.. Hasta ahora, la apuesta está dando sus frutos.
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1 week ago | 
news.bloomberglaw.com | Kat Hidalgo |Neil Callanan
Hedge funds are betting that trade wars, a shrinking economy and rising strain among borrowers will begin to hit private credit in the US. So far, the gamble’s paying off. Short sellers have made about $1.7 billion on paper so far this year from wagers against seven of the biggest direct lenders, including Apollo Global Management Inc., Ares Management Corp. and Blue Owl Capital Inc., according to data compiled by S3 Partners LLC.
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1 week ago | 
ca.finance.yahoo.com | Kat Hidalgo |Neil Callanan
(Bloomberg) -- Hedge funds are betting that trade wars, a shrinking economy and rising strain among borrowers will begin to hit private credit in the US. So far, the gamble’s paying off.
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1 week ago | 
bloomberg.com | Kat Hidalgo |Neil Callanan
(Bloomberg) -- Hedge funds are betting that trade wars, a shrinking economy and rising strain among borrowers will begin to hit private credit in the US. So far, the gamble’s paying off. Short sellers have made about $1.7 billion on paper so far this year from wagers against seven of the biggest direct lenders, including Apollo Global Management Inc., Ares Management Corp. and Blue Owl Capital Inc., according to data compiled by S3 Partners LLC.
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1 week ago | 
news.bloombergtax.com | Scott Carpenter |Kat Hidalgo
Insurer and money manager Thriventissued $1.2 billion of debt backed by cash flows from some of its fund-of-funds, the latest in a wave of structured financings this year aimed at freeing up liquidity for private capital managers. Evercore was the adviser and agent on the deal, which was divided into a roughly $600 million slice of higher-ranking debt and a similarly sized first-loss portion, a representative for Thrivent said. The company retained the first-loss slice, they added.
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2 weeks ago | 
bloomberg.com | Scott Carpenter |Kat Hidalgo
Thrivent Financial Bank flyers in Burlingame, California. (Bloomberg) -- Insurer and money manager Thrivent issued $1.2 billion of debt backed by cash flows from some of its fund-of-funds, the latest in a wave of structured financings this year aimed at freeing up liquidity for private capital managers. The deal was divided into a roughly $600 million slice of higher-ranking debt and a similarly sized first-loss portion, a representative for Thrivent said.
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2 weeks ago | 
bloomberglinea.com | Neil Callanan |Kat Hidalgo
Bloomberg — Las empresas que obtienen préstamos crediticios privados parecen cada vez más tambaleantes y los bancos se encuentran entre los que podrían acabar asumiendo pérdidas. Ver más: La guerra comercial tiene a EE.UU.
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2 weeks ago | 
financialpost.com | Neil Callanan |Kat Hidalgo
The companies that get private credit loans are looking increasingly wobbly and banks are among those that could eventually be on the hook for losses. Article content(Bloomberg) — The companies that get private credit loans are looking increasingly wobbly and banks are among those that could eventually be on the hook for losses. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team.
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2 weeks ago | 
bloomberg.com | Neil Callanan |Kat Hidalgo
(Bloomberg) -- The companies that get private credit loans are looking increasingly wobbly and banks are among those that could eventually be on the hook for losses. Many companies getting direct loans from private lenders are struggling to produce cash, by at least one key measure: At the end of 2024, more than 40% of borrowers had negative free cash flow from their businesses, the International Monetary Fund warned in a report this past week. That’s up from closer to 25% at the end of 2021.
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2 weeks ago | 
ca.finance.yahoo.com | Neil Callanan |Kat Hidalgo
(Bloomberg) -- The companies that get private credit loans are looking increasingly wobbly and banks are among those that could eventually be on the hook for losses.
