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3 weeks ago | 
pitchbook.com | Sami Vukelj |Zack Miller
The share of life insurers’ general account assets invested in “risky” corporate debt has roughly doubled since the 2007-09 financial crisis, driven in recent years by partnerships between insurers and asset managers, according to the US Federal Reserve.
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Nov 8, 2024 | 
9fin.com | Sami Vukelj |Anna Russi |Peter Benson
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Oct 17, 2024 | 
9fin.com | Sami Vukelj
The Unicrunch is our US private credit newsletter, in which we break down everything from unitranches to ABL lending. Find out more about 9fin for private credit here. It’s fair to say tech has had a bit of a bumpy ride over the last couple of years. Elevated interest rates skimmed off the frothy valuations in the sector and there has been a sobering reality check for many investors.
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Oct 9, 2024 | 
9fin.com | Sami Vukelj
News and AnalysisSami Vukelj9 October 2024•2 min readTikehau Capital, a prominent credit secondaries investor, has acquired a special purpose vehicle of loan assets managed by Brightwood Capital. The NAV of the SPV is about $70m, according to 9fin sources. The SPV is made up of mostly senior direct loans to both sponsored and non-sponsored borrowers, sources said, but the assets will be placed in a new continuation vehicle.
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Oct 8, 2024 | 
9fin.com | Sami Vukelj
9QuestionSami Vukelj8 October 2024•10 min read9Questions is our Q&A series featuring key decision-makers in the corporate credit markets — get in touch if you know who we should be talking to!Specialty lending strategies within the alternatives space are hot right now. It’s why ABF is getting so much attention as LPs seek ways to diversify their private market holdings beyond direct lending and private equity.
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Oct 1, 2024 | 
9fin.com | Sami Vukelj |Shubham Saharan
Many today are banging the drum that there is more to private credit than sponsor-backed direct lending and that there is a wider world of asset-based finance to consider. It was why it was perhaps appropriate that DealCalayst’s third annual US Asset Based Finance Conference in New York described asset-based finance as “the emerging frontier of private credit.”So what are on the minds of those working in this growing market? 9fin went to the conference to find out.
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Sep 26, 2024 | 
9fin.com | Sami Vukelj |Peter Benson
The Unicrunch is our US private credit newsletter, in which we break down everything from unitranches to ABL. Sign up for the inside track on this fast-growing market. Citigroup and Apollo have paired up to launch a new $25bn private credit program, adding another name to the growing list of bank-PC partnerships. Some players are finding that cooperation can lead to better outcomes than competition when it comes to banks and direct lenders, reframing the narrative around their relationship.
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Sep 19, 2024 | 
9fin.com | Sami Vukelj |Peter Benson
The Unicrunch is our US private credit newsletter, in which we break down everything from unitranches to ABL. Sign up for the inside track on this fast-growing market. The Fed’s decision to make its first cut in interest rates in four years will provide much needed relief for some in the private credit market.
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Aug 30, 2024 | 
9fin.com | Sami Vukelj
Market WrapSami Vukelj30 August 2024•4 min readThe Unicrunch is our US private credit newsletter, in which we break down everything from unitranches to ABL. Sign up for the inside track on this fast-growing market. What comes after the golden age?
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Jul 17, 2024 | 
9fin.com | Sami Vukelj
Market WrapSami Vukelj18 July 2024•6 min readThe start of this year was marked by high hopes for the M&A pipeline, thought to be bolstered by the end of rate hikes, but the wheels are far from greased — as of mid-year, M&A activity involving a financial sponsor was down 34% compared to 2023, according to PwC. And last year was lackluster itself. Read all our public content for freeSign up for our newsletter to read this article nowWe won't spam. You can unsubscribe at any time.
