Banks Rush to Gain Foothold in $1.5 Trillion Private Credit Market

In recent weeks, Barclays Plc, Societe Generale SA and Deutsche Bank AG have all made concerted efforts to grab a slice of the lucrative corner of leveraged finance. Bloomberg News reported Thursday that Dutch lender Rabobank Group became a cornerstone investor for a new sustainable private-lending firm, Colesco.

In the past few weeks, at least four major banks made further strides into private debt, be that through balance sheet lending, tie-ups with established investors or raising third-party capital. “Wall Street giants and European investment banks are looking to capture part of this opportunity via their asset management units, either by offering these services on balance sheet or by partnering with the alternative lenders,” said Ana Arsov, global co-head of banking at Moody’s Investors Service, adding that the ratings agency thinks banks will continue to expand such business opportunistically.

Thoma Bravo is in discussions with private credit lenders about arranging roughly $1 billion of debt financing for its planned acquisition of NextGen Healthcare Inc.Barings has launched an evergreen fund focused on direct lending in Europe that will offer investors greater liquidity than a typical closed-end fund

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oil Holds Gain as OPEC, US See Output Cuts Tightening Market(Bloomberg) -- Oil steadied after rallying to a 10-month high on forecasts by OPEC and the US that output cuts will tighten the market in the months ahead.Most Read from BloombergApple iPhone 15 Event Will Tout Enhanced Camera, Titanium FinishThe Mighty American Consumer Is About to Hit a Wall, Investors SayTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiApple’s iPhone 15 Debut Includes Higher Price on Top ModelBP CEO Looney Quits Over Past Relationships With Coll
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

U.S. stocks, Treasury yields gain as CPI cements Fed pauseKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »