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Stock impact report

Silver Point Closes an $8.5 Billion Fund for Private Credit [Yahoo! Finance Canada]

Rayonier Advanced Materials Inc. (RYAM) 
Last rayonier advanced materials inc. earnings: 2/25 08:29 pm Check Earnings Report
US:NYSE Investor Relations: investors.rayonieram.com
Most Read from Bloomberg Silver Point Specialty Credit Fund III brings the firm's direct lending strategy to over $15 billion in investable capital, the company said in a statement Monday. Silver Point added it now oversees $35 billion of assets across strategies including both private and public credit. Fundraising in the $1.6 trillion private credit market has proliferated as lenders fight to remain competitive against peers as well as Wall Street banks. This year's issuance of broadly syndicated US leveraged loans has topped $1 trillion for the first time this year. Still, the likes of Silver Point are finding opportunities in some higher-yielding or riskier names. “The pipeline within direct lending is strong, and the forthcoming environment will continue to provide for a wide array of investment opportunities across a mix of both sponsor and non-sponsor investments,” Anthony DiNello, Silver Point's head of direct lending, said in the statement. The firm recently helped Show less Read more
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