Debt LPLink News

KKR continues charting new territory in the growing asset-based finance (ABF) market, where origination is the key to unlocking unique opportunities. Their partnership with Activate Capital has led to financing over 20,000 housing units in Ireland, while their acquisition of Chord Music Partners demonstrates their ability to navigate complex, niche sectors. Avi Korn | KKR https://lnkd.in/dtjEuhqs #PrivateDebt #PrivateCredit

Proskauer has published an insightful article on value leakage in private credit agreements. It dives deep into mechanisms such as baskets and covenant protections to help lenders maximize their prospects of full loan repayment, while minimizing potential leakage. Proskauer Rose LLP https://lnkd.in/dBnTmPHb #PrivateDebt #PrivateCredit

Private debt has rapidly become a dominant force in the US and Europe, with its market value set to reach $1.5 trillion by 2024, according to Morgan Stanley. CACEIS highlights the key factors driving the growth of this alternative asset class, including macroeconomic trends and regulatory shifts, as well as the increasing role of automation in servicing these funds. Aysha A. | Informa Connect https://lnkd.in/dsmrUmwa #PrivateDebt #PrivateCredit

PIMCO is warning that private credit is overvalued, highlighting deteriorating fundamentals in leveraged portions of the credit markets. Though Pimco remains interested in private markets, they are seeing more value in high-quality public fixed income opportunities. Mohit Mittal, Pimco’s CIO, outlined the shifting credit landscape and suggested an emphasis on asset-based lending. James Crombie and Irene García Pérez | Bloomberg https://lnkd.in/gbdyPFz4 #PrivateDebt #PrivateCredit

EQT Group has chosen to sit out the private credit boom that has captivated rivals such as Blackstone Inc. and accelerated dealmaking in the alternative asset space. With a focus on infrastructure, private wealth, and liquidity solutions, EQT remains committed to its core strategy despite industry trends towards commoditized credit. Swetha Gopinath | Bloomberg https://lnkd.in/e3afy7Ux #PrivateDebt #PrivateCredit

Private debt opportunities in the technology sector are set to accelerate, driven by factors such as earnings growth and a rebound in technology spending. Investors remain optimistic about the sector, with the rise of A.I. and recurring revenue underwriting offering new financing tools for tech companies. Terry A. Simpson, CFA, CAIA, John Doyle, and Liam Jacobs | BlackRock #PrivateDebt #PrivateCredit

Multiples Alternate Asset Management has appointed RAHUL CHAWLA as managing director of their credit strategy division. Chawla brings over 25 years of investment banking experience, previously leading financial sponsor financing at Deutsche Bank in Asia before resigning earlier this year. Saikat Das | Bloomberg Law https://lnkd.in/e2DWUCeE #PrivateDebt #PrivateCredit

Private credit fundraising in the Asia-Pacific region is starting to grow, with companies such as HSBC and Baker McKenzie leading the way. HSBC’s recent involvement in Vobile Group's $127 million senior bilateral facility shows the potential in this market, even as firms navigate the complexities of Asian regulatory environments. Consuelo Marquez | South China Morning Post SCMP https://lnkd.in/ej-Vzpmd #PrivateDebt #PrivateCredit

BlackRock is in talks with Jio Financial Services, led by Mukesh Ambani, to set up a private credit venture aimed at expanding direct lending in India. In 2024, private credit investment in India has reached a record $6 billion, drawing interest from major players like Apollo Global Management, Inc. and Cerberus Capital Management. Anto Antony | Bloomberg https://lnkd.in/emvND5dV #PrivateDebt #PrivateCredit

Warburg Pincus LLC has committed A$490 million to MA Financial Group's Real Estate Credit Vehicle to address Australia’s undersupplied residential housing market. This investment marks a strong endorsement of MA Financial's expertise in real estate and debt structuring. Takashi Murata and Julian Biggins highlight the potential of the new fund in solving Australia's housing crisis. MA Financial Group https://lnkd.in/eG7iA_FW #RealEstate #RealEstateInvesting