PGIM Sees 'Chilling Effect' on Private Credit From BDC Storm
Business development company turmoil is making direct lenders cautious on corporate debt risk, according to PGIM, which oversees more than $200 billion in private credit. “It’ll have a bit of a chilli...
2 Apr 47min
European PE Giant Permira Looks to Buy Beaten Up Software Loans
The plunge in software debt creates opportunities to buy cheap loans from companies that will survive AI disruption, according to Permira Credit. “The market has overreacted,” Ian Jackson, the firm’s ...
26 Mars 49min
BDC Veteran Expects Private Credit Fund Stress as Banks Pull Back
A bank retreat from private credit piles pressure on business development companies already reeling from a wave of redemptions, according to SLR Investment Corp. “You’re starting to see banks get nerv...
19 Mars 47min
Third Point Is Looking to Buy as Others Sell Amid Rising Turbulence
Third Point is getting ready to scoop up credit assets that others have to sell to raise liquidity as cracks in the market spread. “This is probably one of the most exciting times to be a credit inves...
12 Mars 48min
How to Position for a Long War in Iran
Consumer discretionary companies are at risk of downgrades and default if the war in the Middle East drags on, according to Bloomberg Intelligence. “We’ll definitely see a bunch of companies that have...
10 Mars 35min
Capital Group Spies High-Yield Software Opportunity in Debt Meltdown
Fear of software defaults amid AI disruption creates opportunity for high-yield debt buyers, according to Capital Group, which has $3.2 trillion under management. “Markets are adopting a bit of a shoo...
5 Mars 47min
Bain Sees Software Debt Defaults Spiking
Software default rates could hit double digits as AI disruption spreads and loans come due, according to Bain Capital. “We’re going to see real stress,” said Angelo Rufino, the firm’s head of special ...
26 Feb 44min
Acadian Sees Quants Moving to Loans, CLOs
Systematic credit investing has room to expand into leveraged loans, structured finance and emerging markets, according to Acadian Asset Management. “You could take an issuer approach to do security s...
19 Feb 47min
