Following the turmoil surrounding the collapse last week of the 800-pound tech lending gorilla, Silicon Valley Bank, we examine some of the collateral damage.
4 min read · 16 March 2023
The SVB credit fund that fell outside the FDIC process; L&G seeks to make an infra debt impact; plus, Permira’s new CLO and the latest industry hires. Here’s today’s brief for our valued subscribers only.
5 min read · 16 March 2023
The $347bn investment giant has agreed to acquire structured finance business Gryphon Capital Investments, manager of the Australia-listed Gryphon Capital Income Trust.
4 min read · 15 March 2023
SVB and Signature, along with troubled bank First Republic, had been major sources of financing for many real estate managers.
6 min read · 14 March 2023
The fund of funds platform, which includes commitments to venture funds as well as private credit, continues to operate.
3 min read · 14 March 2023
The bank’s fall also highlights and potentially exacerbates a large and growing supply gap in subscription credit lines.
5 min read · 13 March 2023
The portfolio is among several large trades that have hit the market this year and that are helping to drive LP secondaries inventory to more than $20bn.
2 min read · 13 March 2023
Hamilton Lane tips private credit for strong performance and doesn’t think private market assets are overvalued; BlackRock identifies leveraged loans as more vulnerable than high yield; plus, Golub ramps up in Europe. Here’s today’s brief for our valued subscribers only.
5 min read · 13 March 2023
The collapse of the bank has infused the market with uncertainty around the bank’s subscription line of credit business.
4 min read · 13 March 2023
If the FDIC doesn’t find a buyer for SVB by Monday, some of its small tech company customers will likely struggle to meet their payrolls — and some may have no choice but to furlough employees or even file for bankruptcy protection, experts said.
8 min read · 12 March 2023
