Deal for $10bn Silver Rock Financial underscores Gulf nation’s ambition to evolve beyond passive investing
Transaction for prized lender could cost $12bn and be announced after Thanksgiving holiday
Not great, Bob
Roy Gori says increased oversight would be a way to reinforce confidence in the insurance industry
Plus, Germany’s major industries are in crisis and police raid private equity group CVC over French football league deal
Money manager tries to catch up with rivals as investors shift into unlisted assets
Credit-focused fund enjoys fastest pace of fundraising as high yields draw investors to private markets
Fund would invest in less liquid assets including private credit
After years of preparation, HPS is on the verge of either a deal or an IPO
Use of payment-in-kind loan terms is growing as companies struggle with heavy leverage and high interest rates
Firm is also weighing IPO while world’s largest money manager seeks to boost its presence in alternative investments
A rapid expansion in finance is coming together in an excitable cocktail of risk and opportunity
Plus, how Andrea Orcel covertly built up a stake in Commerzbank and celebrities ditch BDO after ex-employee is accused of fraud
Chief Marc Rowan sets targets for private capital group to become one of world’s largest debt underwriters
US lender seeks to win back business from asset managers that have targeted traditional banks’ most lucrative clients
The impact of leveraged payouts examined
Led by a onetime dealer in death benefit settlements, the leveraged buyout pioneer evolves into a bulge-bracket lender
A bitter bankruptcy fight is playing out between HPS Investment Partners and the parent company of Redbox
Private credit lenders including Blue Owl and Ares take control of software group in deal that values it at about $900mn
Plus, private credit giant HPS gets a huge capital injection and Cargill feels the commodities hangover
Investors pile into private credit, with HPS and Goldman Sachs among those to have raised blockbuster funds
Acquisitions of investment shops have been viewed as a means of catapulting ahead in $1.7tn private credit market
The attractions for private credit funds of asset-backed lending are clear
The venture is the latest in a string of tie-ups as traditional banks try to find a place in the private credit industry
Use of fund-level net asset value loans to pay dividends falls 90% after institutional investors raise concerns
