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Top related persons:
Blackstone - 2 Jonathan Gray - 2 Jon Gray - 1 — - 1 CLOs - 1 Gray - 1 Steve Schwarzman - 1 that's - 1
Top related locs:
New York Asia Pacific Preqin U.S
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Federal Reserve - 2 Service - 1 Blackstone - 1 Canada - 1 Plan Investment - 1 Companies - 1 Apollo Global Management - 1 APO - 1

Search resuls for: "Performing Credit"


7 mentions found


☆ Inside Blackstone's growing 'credit juggernaut'
  + stars: | 2024-10-17 | by ( Alex Nicoll | ) www.businessinsider.com   time to read: +7 min
Private lending is now Blackstone's largest business by assets, up 22% since last year. Inside Blackstone's growing "credit juggernaut." By contrast, Blackstone's private-equity business manages $344.7 billion, and its real-estate investing arm, the firm's largest business at the start of the quarter, has $325.1 billion. The largest third-party lenderWhile Blackstone now claims to be the largest third-party credit provider, Apollo is the largest non-bank lender with $562 billion in private credit assets under management. Blackstone's private credit arm has generated 16.7% in returns over the last twelve months, though falling interest rates "put some pressure on absolute returns," Gray said.
Persons: Jon Gray, —, Blackstone, Jonathan Gray, CLOs, Gray, Steve Schwarzman, that's, We're, It's, Schwarzman Organizations: Service, Blackstone, Canada, Plan Investment Locations: New York, Asia, Pacific
☆ We are going into a credit picker's market, says Oaktree's David Rosenberg
  + stars: | 2024-04-29 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are going into a credit picker's market, says Oaktree's David RosenbergDavid Rosenberg, Oaktree head of liquid performing credit, joins 'Money Movers' to discuss how Rosenberg sees the current cycle of rates, what it would take for the Federal Reserve to cut rates, and more.
Persons: Oaktree's David Rosenberg David Rosenberg, Oaktree, Rosenberg Organizations: Federal Reserve
☆ These stocks are a way for regular investors to buy the private credit boom, Morgan Stanley says
  + stars: | 2024-02-20 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com   time to read: +3 min
Private credit firms can help companies raise money more quickly and with more flexibility than traditional lenders. Many everyday investors can't buy into big private credit funds, but they can get exposure to the space through the stocks of some of the biggest private lenders. Hamilton still sees upside in buying private credit firms, especially one stock. "Our credit and insurance teams had a remarkable year in 2023, with gross returns of 16.4% in the private credit strategies and 13% in liquid credit. There are also private credit firms that trade outside of the U.S., for investors who are able to buy stocks in foreign markets.
Persons: Matthew Bass, Morgan Stanley, Bruce Hamilton, Hamilton, Blackstone, Jonathan Gray, Morgan Stanley's Organizations: Federal Reserve, Companies, Apollo Global Management, APO, KKR, Intermediate Capital Group Locations: Preqin, U.S
☆ Oaktree: It's hard to imagine how a recession would be avoided with rates this high
  + stars: | 2023-07-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOaktree: It's hard to imagine how a recession would be avoided with rates this highArmen Panossian, Head of Performing Credit and the incoming Co-CEO of Oaktree Capital Management, discusses the markets, the Fed, and private credit.
Persons: Armen Panossian Organizations: Performing Credit, Oaktree Capital Management
☆ Piraeus Bank posts higher Q1 profit on strong net interest income
  + stars: | 2023-05-05 | by ( ) www.reuters.com   time to read: +1 min
ATHENS, May 5 (Reuters) - Piraeus Bank (BOPr.AT), Greece's third-largest lender by market value, reported higher quarterly net earnings on Friday on strong net interest income. The bank, which is 27% owned by the country's HFSF bank rescue fund, reported net earnings of 180 million euros ($198.7 million) in the first three months of the year, compared with a profit of 170 million euros in the last quarter of 2022. Net interest income in the first quarter rose to 420 million euros from 407 million euros in the fourth quarter, benefiting from the favorable interest rate environment. The bank lifted its earnings per share target to about 0.55 euros this year from a previous estimate of 0.45 euros. Piraeus CEO Christos Megalou said in a press release that the bank had also upgraded its target for return over tangible book to 12%.
☆ Guest view: Direct lending may be entering new era
  + stars: | 2023-04-13 | by ( Armen Panossian | ) www.reuters.com   time to read: +5 min
NEW YORK, April 13 (Reuters Breakingviews) - Challenges in the banking system are expanding the opportunities available to direct lenders. I believe direct lenders’ market share will increase significantly in the future due to the substantial mismatch of supply and demand that has emerged in the market for funding large-scale LBOs. Direct lenders, including funds at Oaktree, are now seeking to fill this gap. Not all direct lenders will be able to take advantage of this opportunity, though. This, in turn, is attracting interest and capital from those direct lenders able to fill the massive gap.
☆ Piraeus Bank to reduce bad loan exposure ratio to below 6% in 2023
  + stars: | 2023-01-30 | by ( ) www.reuters.com   time to read: +1 min
ATHENS, Jan 30 (Reuters) - Piraeus Bank (BOPr.AT), Greece's fourth-largest lender by market value, said on Monday that it will cut its non-performing exposures (NPEs) ratio to below 6% of its loan portfolio in 2023. Under a business plan for 2022-2025, unveiled last year, Piraeus aimed to decrease its NPEs ratio to 3.0% by 2025 and possibly start paying out dividends from 2024 onwards. The bank targets earnings per share above 0.45 euros ($0.48) this year, up from estimated earnings per share of 0.27 euros for 2022. Piraeus, which is 27% owned by the country’s HFSF bank rescue fund, said it expects a cost-to-income ratio of below 42% this year. It aims to reduce the ratio to below 40% by the end of 2025.
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