The US buyout group has become one of the biggest buyers of a fast-growing type of risk transfer product
Central bank concerned that risks in sector backing 2mn UK private-sector employees could spill over to rest of economy
Borrowers benefit from equivalent of two Fed rate cuts as demand for debt booms
Lenders are considering their options at Pluralsight, a distressed company owned by private equity firm Vista Equity Partners
Direct lenders are coming under increased competitive pressure
Management of home exercise company is looking to buy time to execute turnaround plan
An ‘inflection point’ approaches, says Barclays, and not the good kind
The treachery of ‘systemic risk’
About $10bn of loans have been refinanced in public markets as conditions improve due to rate cuts being on the horizon
The pricing of new, so-called collateralised loan obligations has hit record levels so far this year
Banks are on the offensive for a change
The “J Crew blocker” has some problems
Firms who got deals done last year have a chance to reduce equity contributions
Sponsors under pressure from investors to return cash but are finding it harder to offload companies
After an era of cheap money, it’s not just the quantum of debt in the system that could be a problem
There’s a Big Darn Category that shows loan valuations aren’t very consistent
Plus syndicated loans and the Supreme Court
Buyout firms’ stranglehold over who can buy portfolio groups’ loans under threat as many lenders retrench
HIG and Audax attack each other over $900mn deal in rare legal battle between private equity peers
Sectors remain vulnerable to ‘sharp revaluations’, says BoE’s financial stability watchdog
Plus, private credit’s new favourite financing tool
Many companies that gorged on leverage loans are now grappling with liquidity challenges
Private equity firm raises funds through collateralised loan obligation secured by its portfolio
How dangerous is higher for longer?
Rapid increases in borrowing costs prompt concerns about more defaults on $13tn of debt, but companies are finding new ways to survive
UK Edition
