Asset-backed finance

California pension with about $4bn AUM looks to enter $100m this year into its new dedicated private credit sleeve after hearing more good news from its first credit GPs.

Bankrupt auto parts firm’s founder and his brother indicted on charges of defrauding banks and investors.

With a new year under way, we present the topics we think will be major talking points in the months to come.

Though collapses primarily occurred on bank balance sheets, alternatives managers have sought to get ahead of the problem.

Asset selection, solid documentation and falling interest rates in Europe are all positive market indicators, according to Zachary Lewy, chief executive officer of Arrow Global.

Blackstone’s IG Credit AUM is now $130bn, up 30% year-on-year.

Burdened by debt, Saks missed a $100m interest payment in late 2025.

Supreme Court decides not to decide, leaving in place a Third Circuit decision and boosting a rule for protection of creditors.

Fund targeting wealth platforms will work with extensive network of third-party originators to source investments.