Private lenders hire restructuring pros as defaults loom

Private lenders hire restructuring pros as defaults loom
Jenny Craig. (Image: Getty)
Bloomberg
After riding the relentless credit boom of the past decade, some of the biggest players in the US$1.4 trillion (NZ$2.26t) private credit market are now amping up the hiring of restructuring pros as they brace for an uptick in defaults.Firms including Barings and HPS Investment Partners are beefing up their teams of workout specialists, who have expertise in managing investments during a downturn, as rising interest rates and a darkening economic climate take their toll on corporate America. Blackstone and Bain Capital have been adding in-h...

More Bloomberg

Against the odds, London pubs now among city’s top eateries
The Life

Against the odds, London pubs now among city’s top eateries

Great food and drink make businesses viable in a way that traditional pubs are not.

Bloomberg 20 Oct 2024
Asia the place to be as stocks and currencies shine
Investments

Asia the place to be as stocks and currencies shine

A series of epochal events propel the region’s equities to world beaters.

Bloomberg 05 Oct 2024
AI-powered weed-killing robots threaten a $60b market
Primary Sector

AI-powered weed-killing robots threaten a $60b market

Crop-chemical firms rethink business models as new tech promises to slash herbicide use.

Bloomberg 21 Sep 2024
Weed companies making more money selling beer than cannabis
Retail

Weed companies making more money selling beer than cannabis

Firm’s big bet on dope so overoptimistic it’s relying on market it once aimed to disrupt.

Bloomberg 15 Sep 2024