Esteban Duarte

More volatility and a higher default rate in credit markets will sort the good from the bad in the private credit industry, which hasn’t yet been fully tested by the economic cycle, according to Fortress Investment Group’s co-CEOs.

Blackstone Inc. has begun reaching out to investors to raise money for the second series of its senior direct-lending fund strategy, people with knowledge of the matter said, after the first amassed $22 billion just over a year ago.

Deutsche Bank AG is close to completing a significant risk transfer deal with the European Investment Fund, according to people familiar with the matter.

UBS Group AG’s asset management unit is working on a new fund that will invest in significant risk transfers, which could include deals issued by the Swiss lender, according to people familiar with the matter.

Two of Abu Dhabi’s biggest commercial banks are weighing a foray into the market for significant risk transfers as lenders across the United Arab Emirates face higher capital requirements.

Banco Santander SA is mulling significant risk transfers tied to portfolios of dollar-denominated buyout debt and corporate loans, as the Spanish lender expands its US investment banking business.

Bank of America Corp. is planning a significant risk transfer tied to a $3 billion portfolio of loans to private market funds, according to people familiar with the matter.

Goldman Sachs Group Inc. is selling a significant risk transfer tied to a portfolio of about $5 billion of corporate loans, according to people familiar with the matter.

UBS Group AG is sounding out investors for a potential significant risk transfer tied to a portfolio of corporate loans, according to people familiar with the matter, as the Swiss bank explores ways to mitigate strict capital requirements being imposed by its main regulator.

UBS Group AG has shelved a significant risk transfer transaction tied to 2 billion francs ($2.5 billion) of loans, according to people familiar with the matter.