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Leveraged Loans
Jefferies hires Kerry as co-head of EMEA leverage finance
January 30, 2025Jefferies has hired Tim Kerry to work alongside Bala Ramesh, according to market sources.Article
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PE Exits
Northpointe Bank files for IPO as PE-backed listings tick up
January 23, 2025The Castle Creek-backed regional bank moves toward an IPO, as more PE-backed companies find exits in the public markets.Article
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M&A
Fed’s half-point interest rate cut boosts M&A outlook
September 18, 2024Investors’ hopes for an exit rebound hinges in part on the Fed’s rate cut pathArticle
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Private Credit
Europe’s direct lenders respond to bank challenge, patchy M&A outlook
May 9, 2024Many private credit managers are calling 2024 ‘the year of adjustment’, as they grapple with an M&A slowdown and increased competition from the broadly syndicated market.Article
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Lenders
Ares grabs bank assets to expand in asset-based credit market
March 4, 2024Ares taps talent from a Florida regional bank to expand in asset-based financingArticle
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Commentary
Spain’s biggest bank broadens its VC footprint
February 29, 2024Spanish bank Santander is poised to buy a third of Madrid-based VC firm Seaya.Article
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PB Q&A
How technology can streamline fund financing
February 16, 2024We discussed subscription lines with Andrew Frazer Smith, the founder of Bridge, an online marketplace for fund financing that connects borrowers to lenders.Article
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Private Credit
Will more banks join the private credit fray in 2024?
January 16, 2024Banks are trying to muscle back into leveraged buyout financing by launching private credit vehicles.Article
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Private Debt
Opportunities emerge in asset-based credit market for alternative lenders
November 7, 2023Ares Management is eyeing opportunities arising from bank asset sales, consolidation in fintech, and the sale-leaseback market.Article
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Leveraged Loans
Europe’s direct lenders fight to maintain edge as underwriting competition steps up
August 15, 2023As investment banks claw their way back, the LBO market is preparing for a new battle.Article
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SVB
Banks poised to rebound in venture debt market
August 3, 2023Private venture debt funds took market share from banks after the SVB crisis, but their dominance could prove to be temporary.Article
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Venture Debt
1,500 SVB clients make fresh deposits under First Citizens
August 2, 2023First Citizens Bank’s campaign to hold onto the equity-rich client base of Silicon Valley Bank seems to be paying off.Article
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Leveraged Loans
European banks bite back mid-market share as funds chase larger deals
July 30, 2023As debt costs rise, sponsors are rediscovering a competitive mid-market offering from bank clubs which threatens to take share back from funds.Article
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Lending
As regional banks avoid risky loans, private lenders see opportunity
July 16, 2023Cash-rich private credit managers may find golden opportunities to invest in the asset-based lending market.Article
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LBO
Worldpay deal may signal banks again open to bigger deals
July 6, 2023GTCR’s investment in Worldpay is one of the largest LBOs announced this year. It offers a ray of hope in a revived appetite among Wall Street lenders for large buyout debt.Article
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Private Credit
Ares snaps up $3.5B loan portfolio from PacWest
June 25, 2023A private credit lender buying billions of dollars of loans from a regional bank is another example of a cash-rich investment firm snapping up opportunities in the lending market, as regional banks attempt to recover from a loss of depositors and sunken share prices.Article
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SVB
First Citizens accuses ex-SVB staffers of scheme to ‘plunder’ secrets in HSBC lawsuit
May 21, 2023The lawsuit charges defendants with theft of confidential, proprietary and trade secret information, including details on SVB’s clients, loan book and salaries.Article
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PB Q&A
HSBC tech exec on building an innovation practice in a post-SVB market
May 16, 2023David Sabow, head of HSBC’s technology and healthcare business, talks about how the bank is building its tech practice and the opportunities to be found in today’s market.Article
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