HSBC Holdings Plc HSBC has not yet deployed its nearly $4 billion in dry powder from its asset managers’ private credit funds ...
Middle-market default activity within the fast-growing private credit space reaccelerated in the first two weeks of the month, erasing September's small improvement, according to a recent Morningstar ...
Boaz Weinstein, founder of Saba Capital Management, said the problems in private credit are "multiplying by the quarter." Saba, alongside Cox Capital Management, launched a tender offer to purchase ...
Marathon Asset Management founder and CEO Bruce Richards has raised alarm bells about the private credit sector’s heavy exposure to the software industry, warning that default rates in ...
It’s been a rough few weeks for participants in the private credit space as many of the purveyors of the asset class have suffered both in the press and in their publicly traded share prices.
Morgan Stanley says defaults in private credit could jump toward COVID-era highs. The bank sees loan defaults being driven by AI's disruptive effects on the software sector. Software accounts for ...