May 27, 2026 | Markets, Private Credit
KKR & Co.’s co-chief executive officer Scott Nuttall said it was likely that the alternative asset manager would eventually start trading private credit, following early efforts by Apollo Global Management Inc. to create a market for less liquid debt. “The...
May 27, 2026 | Markets, Private Credit
Wall Street banks are predicting another banner quarter for their trading desks. Bank of America Corp. expects second-quarter revenue from sales and trading to increase about 15% from a year ago, Chief Executive Officer Brian Moynihan said Wednesday. And JPMorgan...
May 21, 2026 | Markets, Private Credit
Private credit managers are increasingly turning to the once-unthinkable: Trading in and out of loans to dump troubled assets and hunt for bargains amid the industry’s first stress test after years of breakneck growth. A number of business development companies are...
May 20, 2026 | Markets, Private Credit
The former chief executive officer of private credit shop Bridging Finance Inc. will ask Ontario’s highest court to review a fresh ruling that upheld fraud findings against him. David Sharpe “intends to seek leave to appeal to the Ontario Court of Appeal,” lawyer...
May 18, 2026 | Markets, Private Credit, Private Markets
Magellan Financial Group Ltd.’s chief executive said its merger with Barrenjoey Capital Partners will allow the Australian firm to provide its customers with more offerings in private markets. The deal is on track to close around the middle of this year and...
May 18, 2026 | Markets, Private Credit
The identity of an investor that dramatically boosted assets in State Street Corp.’s private credit ETF has been revealed as a $60 billion sovereign wealth fund that provides funding to Texas public schools. The Texas Permanent School Fund bought more than 29 million...
