Accessibility helpSkip to navigationSkip to contentSkip to footer
  • Sign In
  • Subscribe
Open side navigation menuOpen search bar
Financial Times
SubscribeSign In
  • Home
  • World
    Sections
    • World Home
    • Middle East war
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • War in Ukraine
    • Americas
    • Middle East & North Africa
    Most Read
    • The strange world of the Euro-Gulf 
    • A time for truth and reconciliation
    • The iconic LA neighbourhoods reduced to ashes
    • The art of dealing with Donald Trump
    • Greenland wants to be independent, not American or Danish, says premier
  • UK
    Sections
    • UK Home
    • UK Economy
    • UK Politics
    • UK Companies
    • Personal Finance
    Most Read
    • Labour intensifies push for growth to avoid ‘disastrous’ tax rises
    • Reeves seeks to revive City of London links with China
    • The race to stop ‘predatory marriage’ in old age
    • For richer, for poorer: the changing finances of divorce
    • Brompton chief warns axing tariffs on Chinese bicycles could ‘kill’ business
  • Companies
    Sections
    • Companies Home
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
    Most Read
    • American Airlines’ use of ‘ESG activist’ BlackRock failed workers, US judge says
    • Rich opt out of English courts for private divorces
    • Helicopter group Leonardo sued for £2.2bn over Thai billionaire’s death
    • For richer, for poorer: the changing finances of divorce
    • Brompton chief warns axing tariffs on Chinese bicycles could ‘kill’ business
  • Tech
    Sections
    • Tech Home
    • Artificial intelligence
    • Semiconductors
    • Cyber Security
    • Social Media
    Most Read
    • AI-powered devices dominate Consumer Electronics Show
    • Russian court approves scandal-hit Wildberries merger
    • The uncomfortable truth about social media networks
    • Silicon Valley’s largest start-ups to shun IPOs in 2025
    • ‘Superintelligence’ will take time to generate super returns
  • Markets
    Sections
    • Markets Home
    • Alphaville
    • Markets Data
    • Crypto
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Wealth Management
    • Moral Money
    • ETF Hub
    • Fund Management
    • Trading
    Most Read
    • Treasury yields jump after US jobs report smashes expectations
    • American Airlines’ use of ‘ESG activist’ BlackRock failed workers, US judge says
    • Labour intensifies push for growth to avoid ‘disastrous’ tax rises
    • Gilts take the global strain
    • US imposes wide-ranging sanctions on Russian oil sector
  • Climate
  • Opinion
    Sections
    • Opinion Home
    • Columnists
    • The FT View
    • The Big Read
    • Lex
    • Obituaries
    • Letters
    Most Read
    • The strange world of the Euro-Gulf 
    • A time for truth and reconciliation
    • The relationship recession is going global
    • Don’t be fooled by Demi Moore’s Golden Globes success
    • For richer, for poorer: the changing finances of divorce
  • Lex
  • Work & Careers
    Sections
    • Work & Careers Home
    • Business School Rankings
    • Business Education
    • Europe's Start-Up Hubs
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
    • Working It
    Most Read
    • American Airlines’ use of ‘ESG activist’ BlackRock failed workers, US judge says
    • Do you want the good feedback, or the bad feedback? 
    • The underwear brand that’s neither Victoria’s Secret nor ‘Bridget Jones granny pants’
    • Narcissist CEOs like risky insider trading and are bad at it: study
    • The secret to meeting in Brussels
  • Life & Arts
    Sections
    • Life & Arts Home
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
    Most Read
    • The strange world of the Euro-Gulf 
    • The coming battle between social media and the state
    • Don’t be fooled by Demi Moore’s Golden Globes success
    • How to climb Everest in a week
    • Nicola Sturgeon: ‘The independence movement has proven itself resilient’
  • HTSI
MenuSearch
  • Home
  • World
  • UK
  • Companies
  • Tech
  • Markets
  • Climate
  • Opinion
  • Lex
  • Work & Careers
  • Life & Arts
  • HTSI
Financial Times
SubscribeSign In

Private credit

  • Friday, 10 January, 2025
    Markets InsightHuw van Steenis
    The big new role for private credit

    Profound funding shift might contribute to huge investment needed for data centres, energy and reshoring of industry

    A data centre complex under development in Fayetteville, Georgia
  • Wednesday, 1 January, 2025
    Lex
    Private credit may end up looking a bit more like a bank Premium content

    As the industry expands, some areas should start to attract regulatory scrutiny

    $100 bills
  • Wednesday, 1 January, 2025
    Companies
    Business trends, risks and companies to watch in 2025

    Will private credit reap benefits from deregulation, can the tech bubble keep inflating and will EV sales start to rise again?

    A collage features a model in a neon green outfit from the Gucci Spring Summer 2025 show, solar panels symbolising renewable energy, the Medline Industries logo, Elon Musk,  Donald Trump and an Xpeng electric vehicle. The number "2025" is prominently displayed in the centre.
  • Monday, 23 December, 2024
    News in-depthHPS Investment Partners LLC
    Why BlackRock is shelling out $12bn for private credit shop HPS

    World’s biggest fund manager seeks to elbow its way into industry dominated by the likes of Apollo and Blackstone

  • Friday, 13 December, 2024
    Affirm Holdings, Inc
    Sixth Street pact hands Affirm firepower for $20bn in new consumer loans

    Private equity group sets up vehicle that will allow US fintech to sharply lift its lending

  • Thursday, 5 December, 2024
    Sovereign wealth funds
    Abu Dhabi’s Mubadala Capital takes large stake in US credit fund

    Deal for $10bn Silver Rock Financial underscores Gulf nation’s ambition to evolve beyond passive investing

    Mubadala Capital chief executive Hani Barhoush
  • Wednesday, 27 November, 2024
    BlackRock Inc
    BlackRock has deal to buy private credit manager HPS

    Transaction for prized lender could cost $12bn and be announced after Thanksgiving holiday

    The BlackRock logo outside its offices in New York City
  • Thursday, 21 November, 2024
    How is private credit weathering its first big rate hiking cycle?

    Not great, Bob

  • Monday, 18 November, 2024
    Insurance
    Outgoing Manulife CEO says more scrutiny of private equity deals ‘welcome’

    Roy Gori says increased oversight would be a way to reinforce confidence in the insurance industry

    Roy Gori
  • Wednesday, 6 November, 2024
    Due Diligence
    Trillion-dollar private credit Fomo Premium content

    Plus, Germany’s major industries are in crisis and police raid private equity group CVC over French football league deal

    The ticker and logo for State Street Corporation on a screen on the floor of the New York Stock Exchange
  • Tuesday, 5 November, 2024
    State Street Corp
    State Street says it is ‘shopping’ for a private credit manager

    Money manager tries to catch up with rivals as investors shift into unlisted assets

    Yie-Hsin Hung
  • Friday, 1 November, 2024
    Ares Management Corporation
    US investment group Ares on course to raise more than $80bn

    Credit-focused fund enjoys fastest pace of fundraising as high yields draw investors to private markets

    Michael Arougheti, Michael Smith and Mitchell Goldstein, the members of the Baltimore Orioles new ownership group, are pictured seated in Orioles jerseys prior to a game against the Los Angeles Angels
  • Friday, 25 October, 2024
    Millennium Management LLC
    Millennium considers launching first new fund in more than three decades

    Fund would invest in less liquid assets including private credit

    Izzy Englander, founder of Millennium Management
  • Thursday, 24 October, 2024
    News in-depthHPS Investment Partners LLC
    How an ex-Goldman banker built a $10bn private credit ‘whale’ — and now may sell it

    After years of preparation, HPS is on the verge of either a deal or an IPO

    Scott Kapnick of HPS, left, and Larry Fink of BlackRock, right
  • Monday, 14 October, 2024
    News in-depth
    Corporate debts mount as credit funds let borrowers defer payments

    Use of payment-in-kind loan terms is growing as companies struggle with heavy leverage and high interest rates

    Blue Owl, Prospect Capital, New Mountain Finance and Ares Management  logos
  • Wednesday, 9 October, 2024
    HPS Investment Partners LLC
    Private lender HPS exploring $10bn sale to bidders including BlackRock

    Firm is also weighing IPO while world’s largest money manager seeks to boost its presence in alternative investments

    Larry Fink
  • Monday, 7 October, 2024
    Business InsightPatrick Jenkins
    Why private credit’s gung-ho growth needs proper monitoring

    A rapid expansion in finance is coming together in an excitable cocktail of risk and opportunity

    Apollo Global Management signage in New York
  • Wednesday, 2 October, 2024
    Due Diligence
    Is Apollo a friend or foe to banks? Premium content

    Plus, how Andrea Orcel covertly built up a stake in Commerzbank and celebrities ditch BDO after ex-employee is accused of fraud

    Marc Rowan
  • Tuesday, 1 October, 2024
    Apollo Global Management LLC
    Apollo plans to double assets by 2029 as it lays down challenge to banks

    Chief Marc Rowan sets targets for private capital group to become one of world’s largest debt underwriters

    Apollo chief Marc Rowan
  • Thursday, 26 September, 2024
    Citigroup Inc
    Citigroup strikes $25bn deal with Apollo to launch private credit venture

    US lender seeks to win back business from asset managers that have targeted traditional banks’ most lucrative clients

    Vis Raghavan
  • Friday, 20 September, 2024
    The dodgy details of private equity’s ‘dividend recaps’

    The impact of leveraged payouts examined

  • Monday, 16 September, 2024
    News in-depthApollo Global Management LLC
    Apollo pushes into high-grade debt business long dominated by banks

    Led by a onetime dealer in death benefit settlements, the leveraged buyout pioneer evolves into a bulge-bracket lender

    Jamshid Ehsani
  • Sunday, 25 August, 2024
    News in-depth
    How Chicken Soup for the Soul entangled a titan of private credit

    A bitter bankruptcy fight is playing out between HPS Investment Partners and the parent company of Redbox

    A montage of the logos of HPS and Redbox and the cover of the book Chicken Soup for the Soul with dollar bills in the background
  • Friday, 23 August, 2024
    Vista and co-investors lose $4bn in Pluralsight restructuring

    Private credit lenders including Blue Owl and Ares take control of software group in deal that values it at about $900mn

    A person wearing headphones is looking at a computer screen displaying the Pluralsight logo, which features a triangular play button icon and the word ‘Pluralsight’ next to it. The screen also shows a section with pink and black blocks. The background is blurry, focusing attention on the monitor
  • Wednesday, 14 August, 2024
    Due Diligence
    Bill Ackman’s ties to the new Starbucks chief Premium content

    Plus, private credit giant HPS gets a huge capital injection and Cargill feels the commodities hangover

    A Starbucks sign on a coffee shop
Previous page You are on page 1 Next page

Useful links

Support

View Site TipsHelp CentreContact UsAbout UsAccessibilitymyFT TourCareersSuppliers

Legal & Privacy

Terms & ConditionsPrivacy PolicyCookie PolicyManage CookiesCopyrightSlavery Statement & Policies

Services

Share News Tips SecurelyIndividual SubscriptionsProfessional SubscriptionsRepublishingExecutive Job SearchAdvertise with the FTFollow the FT on XFT ChannelsFT Schools

Tools

PortfolioFT AppFT Digital EditionFT EditAlerts HubBusiness School RankingsSubscription ManagerNews feedNewslettersCurrency Converter

Community & Events

FT Live EventsFT ForumsBoard Director Programme

More from the FT Group

Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2025. FT and ‘Financial Times’ are trademarks of The Financial Times Ltd.
The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.
Edition:UK
International
Subscribe for full access

Top sections

  • Home
  • World
    • Middle East war
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • War in Ukraine
    • Americas
    • Middle East & North Africa
  • UK
    • UK Economy
    • UK Politics
    • UK Companies
    • Personal Finance
  • Companies
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
  • Tech
    • Artificial intelligence
    • Semiconductors
    • Cyber Security
    • Social Media
  • Markets
    • Alphaville
    • Markets Data
    • Crypto
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Wealth Management
    • Moral Money
    • ETF Hub
    • Fund Management
    • Trading
  • Climate
  • Opinion
    • Columnists
    • The FT View
    • The Big Read
    • Lex
    • Obituaries
    • Letters
  • Lex
  • Work & Careers
    • Business School Rankings
    • Business Education
    • Europe's Start-Up Hubs
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
    • Working It
  • Life & Arts
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
  • Personal Finance
    • Property & Mortgages
    • Investments
    • Pensions
    • Tax
    • Banking & Savings
    • Advice & Comment
    • Next Act
  • HTSI
  • Special Reports

FT recommends

  • Alphaville
  • FT Edit
  • Lunch with the FT
  • FT Globetrotter
  • #techAsia
  • Moral Money
  • Visual and data journalism
  • Newsletters
  • Video
  • Podcasts
  • News feed
  • FT Schools
  • FT Live Events
  • FT Forums
  • Board Director Programme
  • myFT
  • Portfolio
  • FT Digital Edition
  • Crossword
  • Our Apps
  • Help Centre
  • Subscribe
  • Sign In