Credit
In the time since private credit became Blackstone’s largest business, the sector has gone from star to a thorn in the industry’s side. Loading audio narration… A wave of nearly $20 billion in redemptions from corporate-lending funds for wealthy individuals has left the industry on the defensive. And on Blackstone’s…
Less than a year after BlackRock’s $12 billion acquisition of private credit powerhouse HPS Investment Partners, one of Wall Street’s hottest asset classes is now showing signs of strain. Loading audio narration… But the world’s largest asset manager sounds calm about current concerns.”There’s been a lot of attention on private…
As several Wall Street banks reported first-quarter earnings on Tuesday, executives had to answer for their exposure to the private credit market, which has been under a microscope recently. Loading audio narration… CFO Jeremy Barnum estimated the bank’s exposure to private credit funds was $50 billion.”We’re broadly comfortable with it,”…
Speaking under oath before members of Congress on Thursday, Jeffrey Epstein’s personal lawyer attempted to explain some of the now-dead financier’s large cash withdrawals.In his prepared remarks, Darren Indyke told members of the House Oversight Committee that Epstein required large amounts of cash to run his many households, from New…
