News & Analysis

Loan Note: Is a new distressed wave finally upon us? And German investors warm to real estate

Moody’s data shows defaults on the up and debt pressures on companies growing. Plus: advisory veteran Ted Gooden launches a new firm; and German investors have renewed faith in real estate.

Apollo to acquire Bridge, expand PE origination base

The purchase is set to close in Q3. The all-stock deal will add a manager with $50bn of AUM.

Apollo subsidiary to acquire CLO manager Irradiant

Purchase will add $10.7bn of CLO assets to Redding Ridge, $2bn of private credit to Apollo.

ESG heads are value creators, and their firms know it

Data on the compensation received by heads of ESG shows how the role they occupy has developed.

Fitch Ratings: Base case for risk is ‘fairly benign’

Uncertainties about inflation, a trade war and government debt remain worries.

Moody’s: Leveraged loan defaults rise to 7.6%, highest since 2020

In Q4, leveraged loans to sponsored companies accounted for $24bn, or two-thirds of the total.

CVC hires ex-Robeco exec to lead global insurance coverage

The private equity giant is understood to be aiming to raise more capital from insurers as they seek bigger allocations to private markets.

Loan Note: Probitas tops placement agent ranking; Candriam and Kartesia launch ELTIF

Probitas tops our placement agent ranking but fundraising for niche private debt strategies is tough. Plus: Candriam and Kartesia launch a joint ELTIF for retail investors; and Adams Street sets up a base in Canada.