Blackstone’s private credit fund hands investors record redemptions Investing The world’s largest alternative asset manager is allowing investors to pull a record amount of cash from its flagship private credit fund as anxiety continues to ripple through the trillion-dollar industry. Blackstone will permit investors to redeem 7.9 per cent of shares from the fund – the equivalent to a whopping $3.8bn. The financial giant [...]
Bank of England launches groundbreaking private credit stress test Markets The Bank of England has launched its first ever stress test of the fast-growing private credit industry, in a bid to establish how the opaque sector would respond to a range of economic and financial shocks. The undertaking, called a ‘system-wide exploratory scenario exercise (SWES)’, will work with some of the industry’s biggest players to [...]
Exclusive: Goldman Sachs, Oaktree and Carlyle to take part in private credit stress test Markets 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 [...]
Private credit: Ponzi scheme or panacea? November 3, 2025 Over the past decade, the private credit industry has ballooned from arcane financial solution to a core pillar of asset management. But recent tremors in corporate debt markets have led several economic institutions to warn of its risks to the global economy. Ali Lyon asks: how worried should we be? What kept you awake at [...]
Fidelis launches new Lloyd’s syndicate with backing from Blackstone October 31, 2025 The Fidelis Partnership (TFP) has announced the launch of Syndicate 2126 with backing from Blackstone, expanding its footprint in the Lloyd’s of London market just 18 months after entering. The new syndicate followed in-principle approval from Lloyd’s and will be managed alongside Fidelis’ existing Syndicate 3123. Blackstone has committed dedicated three-year capacity to back the [...]
War of words heats up as private credit bosses round on banks October 29, 2025 The war of words between banks and private credit ratcheted up on Wednesday, after a trio of bosses from private lenders rounded on claims their industry played a pivotal role in a string of recent debt-related collapses, branding it “misinformation”. During a fiery evidence session in the House of Lords, executives from alternative investment giants [...]
Big jump for Big Yellow shares as Blackstone eyes takeover bid October 13, 2025 Shares in Big Yellow rocketed on Monday morning after it emerged the London-listed business could be in line for a takeover from real estate investment giant Blackstone. In a statement, the self-storage firm confirmed Blackstone was “considering its position in relation to the company, which could include a cash offer for the entire issued, and [...]
The Pimco boss who thinks philanthropy has a PR problem September 24, 2025 John Studzinski may be one of the City’s most senior bankers, but he is arguably best known for his exploits beyond the Square Mile and Wall Street; namely in the space of philanthropy. Ali Lyon talks to him about his aims to reshape the way people think about ‘giving’, and why he doesn’t like the [...]
Huge losses continue at Haven owner as hundreds of jobs created September 24, 2025 The group behind Haven holiday parks and Warner Leisure Hotels continued to make huge losses in 2024 despite its turnover jumping by almost £100m. Bourne Leisure, which is owned by investment giant Blackstone, has reported a pre-tax loss of nearly £170m for its latest financial year, having also lost £166.5m in 2023. However, new accounts filed [...]
NFL HQ was target of New York gunman who killed four, says mayor July 29, 2025 The NFL is believed to have been the original target of the gunman who killed four people on Monday, according to New York City mayor Eric Adams. Examiners think that 27-year-old Shane Tamura, of Las Vegas, was trying to get into the NFL headquarters after shooting several people in the building’s lobby, but ended up [...]