Tag

Private Credit

All articles tagged with #private credit

business10 days ago•3 min saved

Insurer tied to Dodgers owner trims $6.5B of investments as fraud probes mount

Mark Walter’s Delaware Life Insurance, a unit of TWG Global, will swap up to $6.5 billion of related-party investments for independent assets amid regulatory scrutiny into his financing dealings; federal prosecutors and the SEC are examining whether Walter and his companies concealed financial connections while borrowing from insurers he controls, with S&P cutting Delaware Life’s outlook after restating financials and reclassifying private credit investments.

via nypost.com|

#business #delaware-life #fraud-probes

business11 days ago•5 min saved

Walter Probe Could Ripple Across Wall Street’s Insurance-Backed Financing

Federal investigators are scrutinizing Mark Walter and his insurers over related-party lending and disclosure practices, signaling regulatory focus on the insurance-backed investment model that helped fuel a $1 trillion private-credit market and could affect major Wall Street players.

via New York Post|

#business #insurance #mark-walter

business13 days ago•26 min saved

Mark Walter's Lakers Bet Exposes a Hidden NBA Risk

TrueHoop argues the NBA missed warning signs about Mark Walter’s financing of major sports purchases, showing how Walter and Todd Boehly used insurance-policy funds and private credit to bid for teams like the Dodgers and the Lakers. The piece recalls a 2012 Dodgers deal and a 2014 lawsuit to illustrate long-standing concerns about asset valuation and leverage, notes ongoing probes into Mubadala Capital and related transactions, and warns that such financial structures could pose systemic risks. It also critiques league oversight and hints at possible consequences for ownership dynamics, including the Lakers' future amid broader sports-finance pressures.

via truehoop.com|

#business #finance #insurance

business14 days ago•16 min saved

Nvidia's $500 Billion AI Infrastructure Financing Push Draws Wall Street In

Nvidia unveiled a plan to backstop up to $500 billion in AI computing deals by coordinating debt financing from Goldman Sachs, Blackstone, Apollo, and later add-ons from KKR, BlackRock and Brookfield, to fund chip and data-center infrastructure for AI clients like Anthropic and OpenAI. The financing would mostly come through private credit markets with bonds via special vehicles, with Nvidia guaranteeing a portion of the deals. No transactions have been signed yet, and investors worry about leverage and inflated chip valuations, though the move could broaden access to AI infrastructure alongside other big-bank efforts like Broadcom’s recent financing and Morgan Stanley’s framework for trillions in investment.”,

via Yahoo Finance|

#ai #business #debt

business16 days ago•42 min saved

Nvidia taps retirement funds to bankroll the AI infrastructure boom

Fortune reports Nvidia is partnering with Apollo Global, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to mobilize over $500 billion for AI infrastructure by financing compute as a tradeable asset via private-credit and infrastructure funds. Third-party investors—primarily insurers and pension funds—would supply the capital, keeping most of Nvidia’s risk off its balance sheet, with the company potentially offering up to 25% residual-value support. Analysts see this as a major shift in AI funding, though it raises questions about long-duration risk for safety-focused retirement portfolios.

via Fortune|

#ai #business #infrastructure-financing

business16 days ago•4 min saved

Insurer unwind drive rattles Mark Walter’s empire

Insurers controlled by Mark Walter are racing to divest or refinance billions of affiliated private-credit holdings amid a US probe into cross-portfolio links, with TWG Global restructuring to cut affiliate exposure and raising cash—including a Lakers stake sale—to support the unwind and potential credit-rating concerns.

via Financial Times|

#business #financial-services #insurance

business16 days ago•16 min saved

The SpaceX IPO Mirage: AI Hype and the Oligarchs Behind Open Markets

Advait Arun critiques SpaceX’s $1.75 trillion IPO as a symbol of irrational AI-fueled markets: SpaceX remains unprofitable, yet hype and private-credit finance—and Musk’s control through a skewed share structure—have pushed stock demand and index inclusion, reshaping markets in ways that may not reflect real value. The piece warns that upcoming AI IPOs (Anthropic, OpenAI) could follow the same pattern, relying on liquidity and opaque financing while masking risk. The core scandal, he argues, is the lack of financial transparency and the growing oligarchic influence over the economy, not fraud. He advocates anti-oligarchy reforms—stronger taxes, media/public-interest regulation, and campaign-finance reform—to democratize finance rather than target AI itself.

via Dissent Magazine|

#ai #business #governance

business1 month ago•3 min saved

Castlelake advances £5.5bn cash bid to take EasyJet private

US private credit group Castlelake and EasyJet have agreed in principle to a £6.90-a-share cash offer, valuing the airline at about £5.5bn on a fully diluted basis and extending the bid deadline to August 3; the deal would take EasyJet private if a firm offer emerges, following several prior approaches that EasyJet deemed undervaluing the company. The board said it would be minded to recommend the proposal, and the shares rose after the announcement as discussions around due diligence and ownership structure continued ahead of any possible higher bid based on additional information.

via Financial Times|

#airlines #business #castlelake

business2 months ago•11 min saved

Blackstone Clamps Withdrawals as Private Credit Funds Face Outflows

Blackstone capped redemptions at its $79 billion BCRED private credit fund in Q2 after redemption requests approached 10% of shares (versus about 7.9% prior quarter), setting a 5% withdrawal limit to replace immediate liquidity with longer-term returns. The move aims to curb forced asset sales amid growing investor retreat from private assets, with analysts noting demand was in line with expectations and Blackstone’s stock rose about 8% on the news. The report also notes slower overall private-credit inflows and ongoing redemption pressure across peer funds like Partners Group.

via HuffPost|

#asset-management #bcred #blackstone

business2 months ago•0 min saved

Blackstone caps withdrawals from flagship private credit fund amid redemptions

Blackstone has capped withdrawals from its flagship Blackstone Private Credit (BCRED) fund at 5% of shares after redemption requests hit 10% in Q2 (about $4.5 billion) for the $79 billion non-traded BDC; Blackstone shares were up about 1.6% in premarket trading.

via CNBC|

#bcred #blackstone #business

business2 months ago•3 min saved

Cliffwater curbs Q2 redemptions, rattling private credit names

Private credit stocks declined after reports that Cliffwater limited redemptions at its private credit fund for the second quarter, signaling stress in the sector and lifting doubts about industry health; leading names such as KKR, Apollo, ARES and Blackstone traded lower in premarket activity.

via Seeking Alpha|

#business #cliffwater #kkr

business3 months ago•4 min saved

Collapse of UK bridge lender exposes fault lines in private-credit networks

The insolvency of Market Financial Solutions, a UK bridge lender, has sent shocks through banks and asset managers on both sides of the Atlantic as major lenders report sizable losses and exposures (Barclays, HSBC, Santander, Jefferies, Wells Fargo, Elliott, Apollo-backed Atlas SP, Avenue Capital, Castlelake). Allegations of fraud, including double-pledging and a roughly £1.3 billion collateral shortfall, underscore the opacity and complexity of private-credit funding chains, prompting calls for stronger data governance, collateral verification, and tighter oversight of specialist lenders.

via CNBC|

#bank-exposure #bridge-lending #business

business3 months ago•3 min saved

JPMorgan-Led Lenders Pull Back on FS KKR Capital Amid Rescue Plan

A JPMorgan-led syndicate cut FS KKR Capital’s revolver by about $648 million (roughly 14%) and raised borrowing costs, prompting FS KKR and KKR to commit a $300 million support package—$150 million in new equity and $150 million to buy back shares—after the fund posted roughly $560 million in Q1 losses and nonaccrual loans rose to 8.1%. Moody’s had downgraded the fund to junk in March. Management signaled a tighter, de‑levered strategy with less new lending, while pursuing a $300 million share repurchase and fee waivers as part of the stabilization plan.

via CNBC|

#business #credit-facility #fs-kkr-capital

business4 months ago•2 min saved

Blue Owl soars on SpaceX gains ahead of anticipated IPO

Blue Owl Capital jumped after saying it earned about 10x on its SpaceX investment and has sold roughly half the stake at a $1.25 trillion valuation, with SpaceX expected to pursue a record IPO later this year. The firm also highlighted a ~58.5% fee-related earnings margin and a cushion in loan-to-value ratios despite a software slump, alongside solid first-quarter results and inflows.

via CNBC|

#blue-owl-capital #business #earnings

business4 months ago•3 min saved

Saba Capital’s Liquidity Bids Fall Short in Non-Traded Funds

Saba Capital said its tender offers for non-traded Blue Owl Capital Corporation II and Starwood Real Estate Income Trust shares attracted about $10 million in aggregate face value across 190 trades, mostly from SREIT, with the Blue Owl bid drawing less than 1% of what was offered. The weak response highlights stressed liquidity in private-credit funds amid elevated redemptions, as Blue Owl halted quarterly redemptions and shifted to asset sales; Saba is considering bidding on additional products and aims to be a steady liquidity provider as credit risk is expected to rise into 2027–2028.

via CNBC|

#blue-owl-capital #business #liquidity