Japan’s $132 Billion Borrowing Binge Reshapes Global Credit
The end of an era of essentially free money in Japan, a flurry of dealmaking and the AI…
Credit Fraud Fears Loom After BlackRock’s HPS Zeros Out Bad Loan
The ink was barely dry on BlackRock Inc.’s $12 billion acquisition of HPS Investment Partners when executives at…
Is a Private Credit Crisis Brewing? Tricolor, First Brands Shake Wall Street
The business model of Tricolor Holdings didn’t sound especially stable to begin with. The auto lender, based in…
Shutdown Stalls SEC Work on Private Credit in Retirement Plans
The month-long government shutdown is delaying the Securities and Exchange Commission’s work to make it easier for 401(k)…
Phoenix in Asset Manager Tie-Up Talks to Boost Pension Deals
Phoenix Group Holdings Plc is in talks to partner with an alternative asset manager for its UK pension…
Ontario’s $100 Billion Pension Dismisses Entire Asia Buyout Team
Ontario Municipal Employees Retirement System is cutting its Asia buyout team, marking the latest change in the pension…
UK Pensions Boost Private Investment But Lag Behind Reeves Goal
UK pension funds doubled their investment in unlisted equities over the past year, though they remain below the…
Banks and Private Credit Clash After Dimon’s Cockroach Barb
(Bloomberg) — On Wall Street, everyone’s a friendly rival until the losses start. A pair of blowups in…
Cantor Seeks New UBS O’Connor Deal on First Brands Exposure
Cantor Fitzgerald LP is seeking to change the terms of its purchase of the O’Connor hedge-fund unit from…
Aviva Ratchets Up Private Markets Exposure in Default Pensions
Aviva Plc is ramping up the amount of private markets exposure that pensioners who opt for its default…
JPMorgan’s $20 Billion EA Check Marks Win Over Private Credit
The $55 billion take-private of Electronic Arts Inc. has evoked several superlatives, including being heralded as the biggest…
Private Credit Could Amplify Shock in Next Crisis, Fitch Says
Private credit could be a “meaningful” transmission channel during the next crisis, amplifying a systemic shock to the…