Fonds News

 

BlackRock Private Credit Fund Cuts Asset Values By 5%, As Golub Gates After 8.5% Redemptions Just another day in private credit paradise... er, hell.  One day after Gundlach repeated his warning that the private credit crisis will end in tears for bagholders, Blackrock cut the value of its publicly-traded private credit fund by about 5%, as it - like most of its peers - struggled under the weight of troubled loans, markdowns and lower returns. BlackRock TCP Capital Corp., a publicly traded middle-market lending fund, said markdowns totaled $35 million in the quarter ended March 31, according to a statement on Thursday. Amusingly, and in hopes of redirecting attention, the $1.5 billion fund highlighted “improving credit quality,” and said it invested more in senior debt and strengthened its balance sheet. The fund said its dividend, which was cut to 17 cents a share last quarter, would remain flat. The fund has been a challenge for BlackRock, the world's largest asset manager with about ...

A publicly-traded private credit fund managed by Goldman Sachs Group Inc. put two additional companies on non-accrual status in the first quarter, as the industry grapples with mounting concerns over exposure to businesses vulnerable to AI-driven disruption....

Saudi Arabia's $1Tn Wealth Fund Opens Shanghai Office As China Ties Deepen Via The Cradle Saudi Arabia's Public Investment Fund (PIF) opened a second office in mainland China earlier this year, establishing a Shanghai branch to expand dealmaking and attract more Chinese investment into the kingdom, Bloomberg reports. The office was registered last year, falls under PIF's Beijing branch, and is led by Lily Cong, a former chief representative of Fidelity International in China's capital. Source: Britannica  The Shanghai outpost was reportedly created to strengthen the $1 trillion fund's ability to pursue outbound deals in China, while officials are also seeking to bring more Chinese companies into Saudi Arabia. This move strengthens Riyadh's investment relationship with Beijing, while the US continues to be a major market for the kingdom. The Shanghai office expands PIF's global presence, which already features offices in New York, London, Hong Kong, and Paris.  Saudi Arabia and China...

Citigroup Inc. is expanding its foreign-exchange business with hedge fund and private-equity clients, part of a broader push as global trading volumes rise....

Principal Financial Group Inc. is seeking to raise $3 billion for two funds this year to capitalize on demand for investment in data centers in the US and Europe, according to people familiar with the matter....

Pension funds are sticking with private credit, and in some cases doubling down even as concerns mount over underwriting standards, valuation opacity and sector concentration....

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The Australian government is moving to tighten an annual performance test for the nation's A$4.5 trillion ($3.2 trillion) pension industry as concerns grow the current model may be steering investment away from some sectors....

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Golub Capital is capping withdrawals from its private credit fund after investors sought to pull 8.5% of shares, the latest instance of a money manager restricting outflows amid a wave of redemption requests....

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The financing target represents a more than 30% increase from six months ago....

Paul Tudor Jones said the AI boom could have another one or two years to run and 40% more upside....

The financing target represents a more than 30% increase from six months ago....

The financing target represents a more than 30% increase from six months ago....

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Verteidigung ist längst mehr als Panzer und Flugzeuge. Satelliten, Cybersicherheit, Künstliche Intelligenz und SpaceX-Fantasie machen den Sektor plötzlich zum heißen Zukunftstrade....

A bid to restart tin mining in southwestern England, reviving an industry with roots in the Bronze Age, has won a $210 million vote of confidence from bond buyers....

Citigroup Inc. is aiming to boost its prime brokerage balances to more than $700 billion by 2028 — more than triple the amount it had in 2022 — as the bank seeks to deepen its ties with hedge fund clients....

Private equity firm Hg marked down the portfolio value of one of its funds by 9% in the first quarter after software valuations fell to a 20-year low, highlighting concerns that artificial intelligence will deal a huge blow to the industry....