Sergio Padilla

The creditor trio will inject $150m to reduce Medallia debt, in addition to $500m from the company to invest in AI efforts.

Although AI disruption and other threats remain increasingly relevant, Houlihan Lokey data shows resilient portfolio dynamics.

Both BDCs will retain their investment-grade ratings despite the pessimistic near-term outlook.

Though North America and Western Europe aren’t at risk of losing investors, demand for diversification and spread premiums are moving dollars towards Asia-Pacific.

The latest vintage of the series, which previously held rights to Taylor Swift’s catalogue, continues its focus on acquiring cashflow-generating assets.

The global direct lending platform is comprised of around 10 vehicles across a variety of structures.

If the customer/employee management platform defaults, more than $5bn of equity value would be at risk of being erased, report says.

The Chicago-based manager beat its target fundraise, deploying 30% of the fund’s commitments as of the final close.

CEO Marc Rowan says the totality of the firm’s credit business will be ‘100% daily pricing’.

LibreMax Asset-Backed Income Fund targets asset-backed finance and traded structured credit opportunities.