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Welcome to Going Private, Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we reveal why the co-owner of a haunted attraction in Pennsylvania wants to turn his property into a data center — and what this says about the AI gold rush. But first, we examine more signs of possible stress in private credit. If you’re not already on our list, sign up here. Have feedback? Email us at goingprivate@bloomberg.net — Isabella Farr,
about 2 months ago
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The Bank of England is “closely monitoring” standards in leveraged finance markets and watching out for signs of forced selling by investors after the high-profile collapse of two US companies, according to an executive at the bank.
2 months ago
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VFS Global, a Switzerland-based provider of outsourced visa and consular services, is seeking to raise $2 billion-equivalent in term loans to refinance existing unitranche debt.
3 months ago
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The former co-head of global private finance at Barings moved to block a lawsuit from his ex-employer seeking to recoup £6.3 million ($8.5 million) in bonuses paid out before the corporate raid of its credit team.
4 months ago
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Warnings on defaults are starting to pile up in the $1.7 trillion private credit market, prompting at least some analysts to raise concern about underappreciated risks in one of Wall Street’s favorite money spinners.
4 months ago
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Private credit is pulling out all the stops to attract retail investors with increasingly popular open-ended vehicles that are bringing a new set of risks for the fast-growing industry.
5 months ago
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After pouring billions into asset-backed finance, private credit managers and investors are starting to scrutinize what exactly they get back if their bets sour.
5 months ago
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Vista Equity Partners’ Chief Executive Officer Robert F. Smith said he expects AI to have a seismic impact on jobs in the private market industry.
7 months ago
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Brookfield Asset Management is seeking to raise at least $7 billion for its fourth infrastructure debt fund, according to people familiar with the matter.
10 months ago
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Blackstone Inc.’s European private credit fund for high net-worth individuals, ECRED, is set to reach €1.5 billion ($1.53 billion) by month’s end, a threefold surge over the past year.
11 months ago
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Mars Inc. is borrowing the equivalent of $1 billion through privately-placed bonds, people with knowledge of the matter said, as it begins to repay bank loans it took out to help buy foodmaker Kellanova.
12 months ago