Reported 12 days ago
Blackstone Group is investing $300 million in Brigade Capital to enhance its private credit strategy and collateralized loan obligations (CLO) platform. This funding, divided equally between new private credit initiatives and existing CLO operations, aims to capitalize on opportunities in the lower middle market, where Brigade plans to focus its efforts. Brigade, a well-established player in credit investments with around $28 billion in assets, seeks to leverage the growing private credit market, which has seen significant non-bank lending.
Source: YAHOO