Private credit

BlackRock fund faces test in recovering defaulted China loan

The episode is drawing scrutiny within Asia’s private credit circles

Federal Reserve governor Michael Barr on Sunday warned that the market could spark “psychological contagion” and a broader credit crunch.

Global watchdog FSB unveils action plan on private-credit risks

It says ‘significant data challenges’ are frustrating its effort to assess vulnerabilities in the market

A long-anticipated return to private equity dealmaking appears to be derailed, and large institutions are trying to figure out how to navigate geopolitical turmoil and new AI tools.

‘Golden’ or ‘garbage’: Milken signals new private credit era

It is a time of turmoil for private equity firms, which have been struggling to exit investments

For UBS, private-credit funds account for around 50 to 60 basis points of its total leverage exposure, CFO Todd Tuckner says.

UBS says rich clients lost some interest in private credit

It reflects ‘macro uncertainty and a preference for liquidity and capital preservation’, UBS CFO Todd Tuckner says

The fund is set to start in the second half and follows similar ones introduced by KKR and Capital Group last year in the US, Capital Group CEO Mike Gitlin said.

KKR, Capital Group to start public-private credit fund in Asia

The partnership comes as rival firms also ramp up their own public-private offerings

AirAsia’s near-term outlook remains supported by sustained travel demand and a slew of cost-cutting measures.

AirAsia tests market with Deutsche-led US$230 million private debt

The 18-month transaction takes the form of a revenue bond backed by ticket sales of several carrier routes

Asia is becoming an increasingly important source of capital for global private credit funds.

Asia private credit debates changes to soothe jittery investors

The region’s wealth channel has funnelled around US$48.8 billion into private credit funds, according to data

The company's co-chief executive officers Doug Ostrover and Marc Lipschultz had previously pledged more than half of their Blue Owl stakes to secure loans from financial institutions.

Blue Owl co-CEOs’ personal loans no longer backed by firm shares

[LOS ANGELES] Blue Owl Capital co-chief executive officers Doug Ostrover and Marc Lipschultz have revised the terms of personal loans to remove the company’s shares as collateral, after turmoil in the...

Japan's government plans to compile a new financial strategy aimed at revamping the financial ecosystem to spur growth in the world’s fourth-largest economy.

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