Private debt

HSBC overhauls trading business in bid to become debt powerhouse

The firm will merge Group-of-10 rates trading unit with FX, EM rates and commodities desks into a new global macro division

Justin Muzinich, chief executive of Muzinich & Co, says the firm is in preliminary discussions with investors for a second Asia-Pacific private-debt fund, which will likely begin fundraising next year.

Private debt specialist Muzinich expects ‘exponential’ growth in Apac

The firm is gearing up to launch its second Apac private-debt fund sometime next year

Blackstone recently has upsized its loan to Dropbox, while a group of private credit lenders led by BlackRock are set to refinance Syndigo’s bank debt.

Blackstone, Ares provide US$3.6 billion for Park Place buyout

More deals have cropped up in recent weeks, as merger and acquisition volume has ticked up

Fine wine may offer prestige as loan collateral — but if improperly stored, it can spoil and become worthless.

Wine, music and jets draw scrutiny of asset-backed private debt

Investors are becoming more discerning after a period of rapid growth in the sector, fuelled by demand from insurance companies for investment-grade rated strategies

In June, money managers pulled US$3.9 billion from Treasuries, while adding US$10 billion to European and US investment-grade corporate debt.

Rising fiscal deficits drive billions into credit

[NEW YORK] Investors are showing signs of pulling money out of government bonds and ploughing it into US and European company debt.

One concern will be the level of transparency with regard to private markets, which come with few statutory disclosure requirements, unlike investments in companies listed on a stock exchange.
THINKING ALOUD

Private dining and private markets: Approach both with caution

Both offer an interesting alternative to what’s widely available, but may work out to be expensive options and less value for money than one might think

Sabita Prakash, managing director of private credit firm ADM Capital, says Asia is increasingly depending on itself for end-use markets, outsourcing or funding.

For this private debt firm, ‘Asia for Asia’ offers silver lining amid US tariff threats

[SINGAPORE] The “Asia for Asia” trend of rising intra-regional trade is likely to offset the potential impact of US tariffs on Asia, said Sabita Prakash, managing director of private credit firm ADM C...

All borrowers will be eligible for interest suspension for three years, and they will also be offered a reduction in instalments of principal to ease the overall debt burden.

Thailand unveils debt-relief measures to cover US$26 billion loans

The measures will help retail borrowers and smaller businesses

Natixis chief executive Philippe Setbon said Asia is an important market for the firm, particularly as more wealth management activities move from Europe to Asia.

Natixis chief sees sustained super-cycle in private market investing

Private assets are becoming more accessible for retail investors, with this among the factors driving their growth

Sewage treatment works, owned by Thames Water, in west London.  In cases where debt-ridden companies provide vital services, governments usually have to step in, as the UK authorities are expected to do in a potential renationalisation of Thames Water.
INSIGHTS FROM CFA SOCIETY SINGAPORE

Distress investing: Crime scene investigation

The ultimate murder weapon is almost always leverage and financial sponsors the main culprits