News

According to a new report, the delinquency rate among KBRA-rated U.S. private label commercial mortgage-backed securities (CMBS) in September increased to 5.32%, up 34 basis points from August.

Beyond Air, a commercial stage medical device and biopharmaceutical company, terminated its loan and security agreements with Avenue Capital and entered into an $11.5 million loan agreement with an insider-led investor group.

J.P. Morgan Asset Management launched its latest active exchange-traded fund (ETF), the JPMorgan Dividend Leaders ETF (JDIV), on the NYSE Arca. This fund leverages a dividend strategy, offering a solution that is now broadly accessible to clients.

SVB Financial Group completed the sale of its investment platform business, SVB Capital, to affiliates of Pinegrove Capital Partners, backed by evergreen capital from Brookfield Asset Management and Sequoia Heritage.

Citigroup and Apollo entered into an exclusive agreement for a subsidiary of Citi and certain affiliates of Apollo to form a $25 billion private credit, direct lending program initially in North America, with the potential to expand to additional geographies.

Gordon Brothers has forecasted U.S. retail sales for this upcoming holiday season, predicting a modest increase of 1.2% to 3.5% relative to last year amid economic and political uncertainty.

BlackRock and Santander signed a memorandum of understanding by which funds and accounts managed by BlackRock will invest up to $1 billion per year in select project finance, energy finance and infrastructure debt investment opportunities with Santander.

KeyBank’s Middle Market Sentiment Report revealed that, despite setbacks, middle market companies demonstrated remarkable resilience and growth amid this year’s persistent market uncertainty.

KBRA released research following the Fed’s 50 basis point interest rate reduction. The report states that lower rates will be a windfall for most private credit borrowers, but what may appear as a blessing may not be enough for those...

Wolters Kluwer Compliance Solutions’ latest Regulatory Violations Intelligence Index shows notable increases in the total number of violations cited by agencies during H1/24 compared to H2/23 in two of three major category it tracks — consumer protection and financial offenses.