Blue Owl Capital is thinking about bringing back a plan to combine two of its private credit funds. This comes after they had to stop a similar plan last week because investors weren't happy. The main reason for the merge is to give shareholders a way out and cut costs. But, it's not a done deal yet. The idea is to merge the larger fund, OBDC, with Blue Owl Capital ...
In the world of finance, things don't always go as planned. Banks on Wall Street are now turning to private credit to make a big deal happen. They're helping Novacap Investments Inc. buy Integral Ad Science Holding Corp. , a company that analyzes ads. The plan changed because banks couldn't find enough lenders for a traditional loan. Why? Well, some lenders are worri...
Recently, two big companies, Tricolor and First Brands, ran into serious trouble. Tricolor, a major used-car seller in Texas and California, suddenly went bankrupt. This wasn't just any bankruptcy. Investigators are looking into whether Tricolor tricked lenders by promising the same collateral to many different lenders. First Brands, known for making car parts, also...
The stock market is feeling the heat today, especially bank stocks. The Nasdaq 100 futures are down, and the VIX "fear" index has spiked. This is the highest it's been since last April when President Trump announced new tariffs. Two banks, Zions Bancorporation and Western Alliance Bank, revealed they had some bad loans. This news sent shockwaves through the market. ...
Big shots in Europe's money world are sounding the alarm about the private credit market. They say it's growing too fast and could lead to another big financial mess. Oliver Bate, the boss of Allianz, one of the world's biggest insurance companies, thinks parts of this market are like a "casino. " He worries that without proper rules, it could cause problems like the...
President Trump recently picked EJ Antoni to lead the Bureau of Labor Statistics (BLS). This choice has sparked a lot of debate. Some people, like Steve Bannon, think Antoni is a great fit. Others, like Jason Furman, believe he lacks the right experience. The main concern is whether Antoni can keep economic data honest and accurate. Right now, economists are worried...
Jamie Dimon, the head of JPMorgan, has expressed concerns about the rapid growth of private credit and its potential to trigger another financial crisis. He has compared it to the risky lending practices that led to the Global Financial Crisis. However, not everyone agrees that private credit is as risky as Dimon suggests. Private credit is a type of lending that is...
Affirm Holdings, a popular buy now, pay later company, just scored a massive deal. Private credit firm Sixth Street is investing $4 billion over the next three years to help Affirm make more loans. These loans are typically for four to six months, and the deal could lead to over $20 billion in loans over time. This is good news for Affirm, as it means more people can...