Private credit

Japan sees private credit as a policy pillar despite overseas market turmoil

Rising inflation is prompting companies to invest the cash piles they have been sitting on for too long

While delinquencies in private credit are not unusual, concerns are growing that they may start rising due to risks such as AI’s disruptive effects on businesses and elevated borrowing costs.

BlackRock’s Asia private credit fund sees China borrower default

The default comes at a time when the US$1.8 trillion asset class is facing deeper woes in the US after a wave of redemption requests

The Fed questioning comes on top of another initiative at the Treasury Department to question insurers about their exposure.

US Fed seeks details on US banks’ exposure to private credit firms

A growing chorus of international regulators have been warning about the risks of private credit

Nippon Life has been exploring various ways to enhance its asset management business.

SMFG, Nippon Life in talks to set up 500 billion yen private credit fund: sources

It will provide loans for leveraged buyouts and other areas such as real estate transactions and mezzanine financing

Investors in Asia are warming up to secondary markets as part of their portfolio, said private markets players.

Secondary market in Asia sees pickup in activity as players search for liquidity

No lack of choice deals for secondary funds as global demand outstrip supply

One of the most important distinctions for credit investors lies between software that is deeply embedded in mission-critical operations and products that perform more standardised tasks with limited differentiation.

Private credit investing in the age of AI

Objective is not to forecast technological winners, but to understand how innovation interacts with leverage, capital structure and cash-flow durability

Private credit has become one of Wall Street’s top worries this year, as several funds have faced billions of dollars in redemptions.

Distressed-debt funds target private credit downturn as ‘greatest opportunity’ since 2008

Investors anticipate a money-making bonanza as the sector comes under strain

MAS will introduce equity counter-cyclical adjustments, designed to reduce procyclical behaviours during sharp market downswings.

Insurers’ search for yield must not compromise policyholder protection, says MAS assistant MD

They must exercise strong risk management and apply robust stress testing, adds the central bank’s assistant MD Marcus Lim

Private credit is sometimes characterised as a post-crisis innovation. In reality, the activity itself is as old as finance.

Private credit and the persistence of credit fundamentals

The strategies that endure will be those grounded in underwriting discipline

In recent weeks, funds managed by firms such as BlackRock have faced unprecedented requests for redemptions.

Why private credit is facing a sudden investor exodus

In recent weeks, funds have faced unprecedented requests for redemptions