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PE rethinks NAV loans as investors push back

Private Equity Wire

Buyout firms have long relied on controversial loans backed by equity stakes to enhance fund returns, but growing investor criticism has triggered a slowdown, according to a report by Bloomberg UK.

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Blackstone Nears Completion of $400m Private Credit Fund Raise

Private Equity Insights

The New York-based investment manager is planning to raise funds through collateralized loan obligations (CLOs) secured by the loans held by its flagship $52bn private credit fund, the report added, citing documents viewed by the newspaper. Blackstone did not immediately respond to Reuters’ request for comment. While exact figures.

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The Rise of Asset-Backed Lending in Europe’s Private Debt Market

Private Equity Insights

Venture lending, targeting early-stage companies, often in the technology sector, offers high growth potential but carries higher risk due to the unproven nature of these businesses and the lack of solid collateral.

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Bausch Health secures US $600m financing facility With KKR

Private Equity Insights

The facility will be collateralized by certain accounts receivables originated by a wholly-owned subsidiary of Bausch Health. Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up GLAS USA LLC and GLAS Americas LLC acted Administrative and Collateral agents respectively.

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New Mountain Capital Announces $825 Million Net Lease Real Estate Fund

Private Equity Insights

New Mountain believes that a well-executed net lease strategy can continue to provide a path to non-cyclical and consistent cash yield and may also benefit from rising rents over time, long durations with no prepayment risk and the safety and collateral of the physical property itself. Source: Business Wire Can’t stop reading?

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What's Going On With Commercial Real Estate and Regional Banking?

The Motley Fool

What they are trying to do is lend, and then take that collateral if those loans go bad, and then recycle that collateral into more cash. That day that he unveiled at stake. But there was a rude awakening in August of 22, when he decided that he was going to sell his entire stake. His stake, looked like it went up.

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Angelo Gordon Raises $1bn for Asset Based Specialty Private Credit Opportunities

Private Equity Insights

The Fund focuses on asset-based specialty private credit investments in a variety of trade formats across a broad array of collateral types within consumer, real asset, and other specialty lending markets.

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