Latest news with #CreditEdge
Bloomberg
2 days ago
- Business
- Bloomberg
Private Credit Giant Ares Is Seeing More Defense Opportunities in Europe
Ares Management, the $550 billion alternative investor, expects private lenders to get more involved in funding Europe's rearmament. 'We are starting to see more defense opportunities come across the desk,' Mike Dennis, the company's co-head of European credit, tells Bloomberg News' James Crombie and Bloomberg Intelligence's Jeroen Julius in this episode of the Credit Edge podcast. 'We would tend to be cautious — we need to listen to what our LPs' appetite for those types of businesses are,' says Dennis, referring to Ares' limited partners and their environmental, social and governance concerns. Dennis and Julius also discuss middle-market loan pricing, private-credit returns and where Ares might look to open up new offices in Europe.
Bloomberg
11-07-2025
- Business
- Bloomberg
JPMorgan's Aronov Sees More Junk Firms Struggling to Repay Debts
JPMorgan Asset Management is buying hedges against credit market losses as risks rise and spreads tighten. 'There's value in shorts and credit protection,' Oksana Aronov, the company's head of market strategy for alternative fixed income, tells Bloomberg News' James Crombie and Bloomberg Intelligence's Jody Lurie in this episode of the Credit Edge podcast. 'It is very undervalued today because of the complacency in the market,' says Aronov, referring to the high-grade credit default swap index. Aronov and Lurie also discuss the increasing amount of bond and loan interest being repaid with additional debt, dwindling recovery rates, private debt convergence and high-grade opportunities.
Bloomberg
03-07-2025
- Business
- Bloomberg
HPS's Puri Eyes ‘Huge Opportunity' in Fund Financing
HPS Investment Partners is building out its fund finance business, including net-asset-value lending. 'It's a huge opportunity,' Purnima Puri, head of liquid credit and a founding partner at the $150 billion firm, tells Bloomberg News' James Crombie and Bloomberg Intelligence's Tolu Alamutu in the latest Credit Edge podcast. 'Exits for private equity sponsors have been somewhat limited and it's one way to get some capital back to their investor group, which I think is super important,' says Puri. They also discuss how HPS is positioning for stagflation, the private-debt deal pipeline, relative returns, slim recoveries and liability-management exercise 'brain damage.' Listen to this episode on Apple Podcasts and Spotify. Apple: Spotify:
Bloomberg
27-04-2025
- Business
- Bloomberg
BlackRock Sees Credit Market Risks Rising as Trade War Rages on
Risky corporate-debt markets have room to drop further to reflect damage from the ongoing trade war, according to BlackRock Inc. 'We're likely to see spreads widen from here as we see further deterioration in risk assets and in overall credit quality,' Mitch Garfin, the firm's co-head of leveraged finance, said on Bloomberg Intelligence's Credit Edge podcast.
Bloomberg
17-04-2025
- Business
- Bloomberg
Stressed Consumer Firms Need Tight Inventory, AlixPartners Says
Distressed retailers and consumer-products firms are having a tough time finding ways to generate liquidity as tariffs threaten their balance sheets, according to restructuring veteran Holly Etlin. 'It's all about cost reduction' for retailers right now, Etlin — a managing director at AlixPartners who in recent years served as chief restructuring officer for Bed Bath & Beyond Inc. and Tailored Brands Inc. — said on Bloomberg Intelligence's Credit Edge podcast. 'It's about making sure you're as diversified as you can be.'
