The biggest banks are moving back into the $1.3 trillion market for collateralized loan obligations.
He predicted the Fed will start cutting rates in May or June.
The revamp comes as Goldman's rivals scramble to respond to the rise of the new asset class.
T. Rowe Price Group Inc. and Oak Hill Advisors are launching a new private credit fund open to individual investors in the US to take advantage of the rapidly-growing $1.5 trillion market. The T...
The fund invests primarily in senior secured loans to larger, well-established companies located mainly in North America.
Capital inflows to the Blackstone Private Credit Fund rose to $2.4 billion in the third quarter.
Private credit is becoming more like high-yield bonds and leveraged loans, according to one portfolio manager.
The loan portfolio is seen as an attractive buy and not a contributing factor in the bank's demise.
Wall Street's vaunted leveraged finance desks are reeling.
Private credit is growing as borrowers pivot from traditional financing.
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