For the first time, a fixed-income sector — private credit — topped the list of favored assets in Goldman Sachs Asset Management’s annual survey of global insurance companies.
Private Credit Is Top Choice for Insurers Managing $13 TrillionWorld Bank Set to Approve $1.
8 BillionRussia’s Seaborne Crude Exports Surge to the Highest This YearIvory Coast’s Cocoa Farmers Win Price Hike as Futures SoarLithium Trading Hits Record on CME as Funds Seize Budding MarketOil Near Five-Month High on Middle East Risks, Mexico Supply CutSaudi Aramco to Expand Huge Gas Plant as Global Demand SurgesStates Across the US Midwest Are on Alert for Tornadoes: Weather WatchEgypt’s Sisi Begins Third Term Buoyed by $50 Billion BailoutCanada likely to avoid recession, begin recovering...
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Widjaja Family’s Consortium Seeks Private Credit for Mine DealA consortium led by Golden Energy and Resources Pte Ltd. is sounding out private credit funds and banks to gauge interest in financing its $1.65 billion acquisition of a coal mine in Australia, according to people familiar with the matter.
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Barings Sues Corinthia, Ian Fowler Over Private Credit DefectionInvestment manager Barings sued Corinthia Global Management and former employees Ian Fowler and Kelsey Tucker after the upstart private credit firm poached more than 20 employees in one of the largest team lifts at an alternative asset manager in recent years.
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Barings Pauses Investment Across Private Credit Amid TransitionBarings LLC is pausing making new investments across its private credit funds while they transition to new leadership, according to a client letter seen by Bloomberg News, after over 20 employees left for upstart Corinthia Global Management.
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Barings Lawsuit Over Talent ‘Raid’ Ups the Ante in Private-Credit TussleA legal brawl between Barings and upstart Corinthia Global Management over “one of the largest corporate raids at an asset manager in years” is laying bare just how fierce the competition is for experienced talent in the niche but lucrative $1.7 trillion private credit market.
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Calpers Raises Bets on Private Equity, Credit Bets in $34 Billion Shift Away From StocksThe country’s largest pension fund is ramping up its exposure to private equity and private credit in a $34 billion bet that the riskier assets will fuel higher returns.
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China’s Property Crisis Pushes Private Credit to Tech SectorsPrivate credit investors’ opportunities in China are shifting from the property market to technology sectors, including green businesses, according to Bo Hu, head of private credit Asia at HSBC Holdings Plc.
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