Private Credit to Outperform in a Downturn, Apollo's Zelter Says [Yahoo! Finance]
Citigroup, Inc. (C)
Last citigroup, inc. earnings: 4/15 08:00 am
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Source: Yahoo! Finance
Most Read from Bloomberg Private credit has “better companies, larger companies, better covenants, better structure” than public markets, helping it to weather an economic downturn, Zelter said, adding that he doesn't expect a recession in the near future. Rapid growth over the past decade has fueled the private credit industry's rise into a $1.7 trillion market. The sharp rise in interest rates over the past two years provided a further opportunity for growth as banks cut back on lending via the leveraged loan and high-yield bond markets. Listen: Blackstone Eyes $30 Trillion Private Credit Bonanza (Podcast) Apollo is pushing deeper into private credit through a partnership it recently signed with Citigroup Inc. to arrange financings for corporate and private equity clients. The firm was “making sure if you're going to go, go big,” Zelter said of the deal, which will involve $25 billion worth of deals over the next five years. “This is seeing us through periods of volatilit
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News
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- Private Credit to Outperform in a Downturn, Apollo's Zelter Says [BNN Bloomberg (Canada)]BNN Bloomberg
- Singapore demands luxury sellers do more after laundering fiasco [Fortune]Fortune
- Traders Brace for More S&P 500 Volatility After US Jobs Report [Yahoo! Finance]Yahoo! Finance
C
Earnings
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