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Private Equity's Creative Wizardry Posing Systemic Risk?

Pension Pulse

In the US, Bloomberg Intelligence reckoned in a February note that 17% of loans at the 10 largest business development companies — essentially vehicles for private credit funds — involved PIK.

Buyout 59
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BCI And Partners Acquire Australia's Costa Group in a Take-Private Transaction

Pension Pulse

To meet the alternative credit needs of this segment, Centerbridge intends to launch Overland Advisors to manage a newly formed business development company that will be primarily focused on making senior secured loans. per share 1.