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3 days ago | 
news.bloomberglaw.com | Olivia Fishlow |Rachel Graf
Rapid-fire advancements in artificial intelligence make even predicting what next month will look like a challenge. That uncertainty is an opening for private credit, which has the adaptability needed to fund the fast-growing industry, according to John Zito at Apollo Global Management Inc.
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3 days ago | 
bloomberg.com | Olivia Fishlow |Rachel Graf
John Zito (Bloomberg) -- Rapid-fire advancements in artificial intelligence make even predicting what next month will look like a challenge. That uncertainty is an opening for private credit, which has the adaptability needed to fund the fast-growing industry, according to John Zito at Apollo Global Management Inc.
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4 days ago | 
news.bloombergtax.com | Olivia Fishlow |Aaron Weinman |Rachel Graf
JPMorgan Chase & Co. is sounding out investors for an almost $2 billion loan for Trucordia, the latest instance of a Wall Street bank refinancing debt that insurers initially secured from private credit firms. The biggest US bank is premarketing an approximately $1.89 billion first-lien loan for the Utah-based insurance brokerage, according to people with knowledge of the matter.
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4 days ago | 
bloomberg.com | Olivia Fishlow |Aaron Weinman |Rachel Graf
The JP Morgan Chase & Co. headquarters in New York. (Bloomberg) -- JPMorgan Chase & Co. is sounding out investors for an almost $2 billion loan for Trucordia, the latest instance of a Wall Street bank refinancing debt that insurers initially secured from private credit firms. The biggest US bank is premarketing an approximately $1.89 billion first-lien loan for the Utah-based insurance brokerage, according to people with knowledge of the matter.
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4 days ago | 
news.bloomberglaw.com | Olivia Fishlow |Aaron Weinman |Rachel Graf
JPMorgan Chase & Co. is sounding out investors for an almost $2 billion loan for Trucordia, the latest instance of a Wall Street bank refinancing debt that insurers initially secured from private credit firms. The biggest US bank is premarketing an approximately $1.89 billion first-lien loan for the Utah-based insurance brokerage, according to people with knowledge of the matter.
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6 days ago | 
bloomberg.com | Olivia Fishlow |James Crombie
When direct lenders pitch private credit to pension funds and insurance firms, many tout its ability to beat public debt returns. But Dimensional Fund Advisors isn’t buying it.
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2 weeks ago | 
bloomberg.com | Olivia Fishlow |Ellen Schneider
A pedestrian holding a smartphone in front of the New York Stock Exchange (NYSE) in New York, US, on Friday, June 7, 2024. US stock futures gave turned lower Friday after the economy added 272,000 jobs in May, renewing concerns that the Federal Reserve will stick to its plan to keep interest-rates higher for longer. Photographer: Michael Nagle/Bloomberg(Bloomberg) -- A group of private credit firms led by HPS Investment Partners provided more than $3 billion of debt to Consumer Cellular Inc.
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2 weeks ago | 
news.bloomberglaw.com | Olivia Fishlow |Ellen Schneider
A group of private credit firms led by HPS Investment Partners provided more than $3 billion of debt to Consumer Cellular Inc. to refinance its broadly syndicated loans and pay a dividend to its private equity owner GTCR, according to people with knowledge of the matter. Blackstone Inc. and Public Sector Pension Investment Board also participated in the financing for the US mobile network operator, according to the people, who asked not to be identified discussing private information.
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2 weeks ago | 
bloomberg.com | Olivia Fishlow
Alternative asset manager Beach Point Capital Management raised over $1.25 billion to invest in opportunistic credit, as it prepares to capitalize on market volatility. The firm raised $750 million for BPC Opportunities Fund V, its largest private credit opportunistic vehicle to date, according to an emailed statement. The fund is around 50% deployed and focuses on complex situations and structured transactions, as well as dislocations in the public and private markets.
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2 weeks ago | 
news.bloombergtax.com | Olivia Fishlow
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