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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 ...
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.
Private credit firms with $30 billion to $70 billion in assets will be the firms to watch. ... The asset management giant agreed to buy the private credit firm HPS Investment Partners for $12 billion.
In finance, the private-equity secondary market (also often called private-equity secondaries or secondaries) refers to the buying and selling of pre-existing investor commitments to private-equity and other alternative investment funds. Given the absence of established trading markets for these interests, the transfer of interests in private ...
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.
The reason behind the creation of CLOs was to increase the supply of willing business lenders, so as to lower the price (interest costs) of loans to businesses and to allow banks more often to immediately sell loans to external investor/lenders so as to facilitate the lending of money to business clients and earn fees with little to no risk to themselves.
Retail investors can invest in private credit through business development companies, or BDCs, that are publicly traded. BDCs issue loans to small and middle-market non-public businesses ...
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.