Coming into 2024, PYMNTS spotlighted the appeal of private credit, also known as private debt, issued to corporates, and which offered up, and still offers, a capital lifeline to sustain operations. Traditional channels, chiefly through banks, have been tightening their lending activities, particularly to smaller...
Goldman Sachs Asset Management is reportedly planning a major expansion of its private credit portfolio. The Wall Street giant aims to grow that portfolio to $300 billion in five years, up from $130 billion, a senior executive told Reuters Tuesday (March 12). “It’s a huge opportunity,” said Marc Nachmann,...
Investment banks are reportedly trying to win back leveraged finance deals from the private credit space. Banks such as Goldman Sachs, Citi and Barclays are among the banks in talks with buyout firms about loans issued during more volatile periods, Bloomberg News reported Monday (Jan 22), citing sources with knowledge of...
Citi and LuminArx have introduced a financing tool for the private lending market. Cinergy, launched Thursday (Jan. 18) by the banking giant and the investment manager, will offer a wide range of private credit solutions to companies, including Citi’s client base, the companies said in a news release....
January 15, 2024
For corporates, especially smaller Main Street businesses, private credit (aka private debt) appears as an avenue through which they can get the capital they need. And for the lenders, the opportunity is ripe to tap into a market worth trillions of dollars. As has been noted through the past year, and as has been a […]
July 18, 2024
Lloyds Bank and Oaktree Capital Management have teamed to support U.K. “middle-market sponsor-backed borrowers.” The collaboration, announced Thursday (July 18), will see Lloyds’ structured debt finance team work with Oaktree’s European private debt platform to provide clients with a solution for new buyouts and refinancings with term debt, acquisition and working capital facilities, along with […]
March 12, 2024
Goldman Sachs Asset Management is reportedly planning a major expansion of its private credit portfolio. The Wall Street giant aims to grow that portfolio to $300 billion in five years, up from $130...
January 22, 2024
Investment banks are reportedly trying to win back leveraged finance deals from the private credit space. Banks such as Goldman Sachs, Citi and Barclays are among the banks in talks with buyout firms about loans...
January 18, 2024
Citi and LuminArx have introduced a financing tool for the private lending market. Cinergy, launched Thursday (Jan. 18) by the banking giant and the investment manager, will offer a wide range of...
