Middle market private companies in the Golub Capital Altman Index grew earnings by 8% during the first two months of the third quarter of 2024. Revenue grew 5% during the same period.Lawrence E. Golub, CEO of Golub Capital, said, “Solid revenue and...
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October 10, 2024, 06:55 AM
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Bloomberg reports that banks are capitalizing on lower interest rates to claw back corporate debt deals from private credit funds.According to the report, based on Bank of America Corp. research, almost $30 billion of private debt has been refinanced...
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October 04, 2024, 07:15 AM
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BlackRock and Santander announced the signing of a memorandum of understanding (MoU) by which funds and accounts managed by BlackRock will invest up to US$1 billion per year in select project finance, energy finance, and infrastructure debt...
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September 30, 2024, 07:05 AM
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KBRA released updated research that examines the resilience of its ratings for fund finance structures and rated notes employed by middle market corporate lending funds.The private credit market, in particular the direct lending and infrastructure...
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September 24, 2024, 07:04 AM
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Ares Management Corporation announced that funds managed by its Credit Group closed approximately $12.8 billion in U.S. direct lending commitments across 93 transactions during the second quarter of 2024 and approximately $38.3 billion in direct...
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August 05, 2024, 07:05 AM
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Marathon Asset Management, a leading global credit manager with $23 billion in assets under management, and Webster Financial Corporation, the holding company for Webster Bank, a top performing commercial bank with $76 billion in assets, announced...
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July 03, 2024, 07:10 AM
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Ares Commercial Finance (“ACF”) announced it is marking 10 years as the commercial finance platform of Ares Management. The evolution of the platform began with the acquisition of Keltic Financial Services, LLC in 2014 and was further augmented with...
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June 11, 2024, 07:05 AM
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The PNC Financial Services Group, Inc. and the TCW Group, Inc., a global asset manager, announced they are partnering to deliver private credit solutions to middle market companies.The PNC and TCW partnership formalizes and expands more than 15 years...
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May 07, 2024, 07:08 AM
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Värde Partners, a global alternative investment firm specializing in credit and credit-related assets, announced that it committed $1.3 billion across its asset-based lending and diversified private credit platform in 2023. These investments...
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February 15, 2024, 07:00 AM
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Bloomberg reported private debt defaults will reach 5% by early 2024 as portfolios see an estimated one-third of deals come due in the next two-and-a-half years, according to a new report from Bank of America credit strategists Neha Khoda and Dong Ba...
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October 06, 2023, 08:00 AM
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The private capital market is alive and well, according to a new report from Proskauer. The leading international law firm released the findings of its annual Private Credit Survey which asked more than 150 executives at private credit firms across...
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April 26, 2023, 07:00 AM
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