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Private-credit funds invest in the debt of small and medium-sized companies, which may be higher risk and therefore less attractive to a typical bank. Because this debt is higher risk, it pays ...
Private credit firms with $30 billion to $70 billion in assets will be the firms to watch. While deals make sense on paper, firms might have to deal with potential culture clashes.
It is a subset of "alternative credit". Estimations of the global private credit industry's size vary; as of April 2024, the International Monetary Fund claims it is just over $2 trillion, [1] while JPMorgan claims it to be $3.14 trillion. [2] The private credit market has shifted away from banks in recent decades.
Goldman Sachs, the storied investment bank, has been building its private credit business since the 1990s. In fact, Goldman’s first mezzanine fund raised $1.2 billion in 1996.
Blackstone Credit, formerly known as GSO Capital Partners (GSO) is an American hedge fund and the credit investment arm of The Blackstone Group. [2] Blackstone Credit is one of the largest credit-oriented alternative asset managers in the world and a major participant in the leveraged finance marketplace.
Investopedia is a global financial media website headquartered in New York City. Founded in 1999, Investopedia provides investment dictionaries, advice, reviews, ratings, and comparisons of financial products, such as securities accounts. It is part of the Dotdash Meredith family of brands owned by IAC. [1] [2]
Some of the largest private equity firms are expanding their private credit operations, and investors ranging from pension funds to family offices are making greater investments in the asset class.
Growth in the secondary market continued trending upward in 2013 reaching its highest level yet, with an estimated total transaction volume of $36bn per the Setter Capital Volume Report 2013, as follows: private equity $28 billion, real estate secondaries $5.1 billion, hedge fund side pockets $1.6 billion, infrastructure funding $0.7 billion ...