European private credit booms as private equity firms are forced to refinance Investing Lending by European private credit firms hit a record-high in the first half of the year as a subdued dealmaking environment forced private equity firms to pause sale processes and renegotiate their portfolio companies’ debt, new data suggests. The value of direct lending across the continent hit €63.2bn (£54.1bn) in the first six months of [...]
Former Crystal Palace owner John Textor scores temporary block of Brazilian football club share sale Lawsuit Former Crystal Palace owner John Textor has been granted a temporary injunction from the High Court to block City-based administrators from selling his 90 per cent stake in Brazilian football club SAF Botafogo. The order follows the American business mogul launching multiple parallel lawsuits in England, the US, and Brazil against his UK holding company, [...]
Ares Management flagship private credit fund slammed with withdrawal requests Investing Ares Management was plagued by investors attempting to pull out over $1.5bn from one its flagship private credit funds in the second financial quarter, as wealthy individuals continue to flee the asset class. The firm’s Ares Strategic Income fund, which holds roughly $11bn (£8.3bn), said it has received redemption requests worth 14.4 per cent of [...]
Private credit firms draft in City advisers to help with ‘meltdown’ stress test June 25, 2026 Firms taking part in the Bank of England’s inaugural private credit stress test have been allowed to draft in external City advisers to help them manage the substantial workload required to respond to the doomsday scenario, which participants have branded “extremely severe”. So-called shadow banks will be allowed to lean on consultants, two people involved [...]
Bank of England unveils Armageddon stress test scenario ‘more severe than the financial crisis’ June 19, 2026 The Bank of England is poised to probe how private markets’ respond to a theoretical financial Armageddon scenario in which stocks plummet and prices soars that industry figures have said is more severe than the global financial crisis. Watchdog officials will scrutinise how alternative asset managers react to the scenario’s five-year downturn in financial conditions [...]
Goldman Sachs flagship private credit fund bucks industry sell-off April 7, 2026 Goldman Sachs’ flagship private credit fund has said investors looked to pull less than five per cent of their holdings in the first three months of this year, dodging an industry-wide redemptions wave that has forced some rivals to gate their funds. The investment bank’s direct lending arm, which functions like a private equity fund [...]
Bank of England rebuffs calls to speed up ‘shadow banking’ stress test March 19, 2026 The Bank of England has rejected calls to speed up its inaugural stress test of the private credit industry, despite growing fears that a downturn in so-called shadow banking may pose a systemic threat to the global financial system. In a letter to the House of Lords’ Financial Services and Regulation Committee seen by City [...]
Exclusive: Goldman Sachs, Oaktree and Carlyle to take part in private credit stress test December 3, 2025 Goldman Sachs, Oaktree and Carlyle will take part in the Bank of England’s inaugural stress test of the burgeoning private credit sector this week, City AM can reveal. Britain’s central bank is poised to carry out its first ever “system-wide exploratory scenario exercise” of so-called shadow banks in the coming weeks, in a bid to [...]
Chelsea investors Ares buys stake in Mbappe SailGP team June 18, 2025 Chelsea, McLaren Racing and Miami Dolphins investor Ares Management has joined Kylian Mbappe in buying into the French SailGP team. The US firm’s minority stake will see the sailing team become entirely privately owned, and follows recent celebrity investments in the series from the likes of Anne Hathaway (Italy) and Ryan Reynolds (Australia). Ares Management [...]
Chelsea investor in talks for landmark stake in Miami Dolphins October 3, 2024 Chelsea investor Ares Capital is in talks with the owner of the Miami Dolphins to become the first private equity firm to buy a stake in an NFL franchise. The New York-headquartered asset manager is negotiating the purchase of a 10 per cent stake in the Dolphins’ parent company, according to multiple reports. The deal [...]