Reported 7 months ago
Private credit funds backed by firms like Blackstone Inc. and Ares Management Corp. are raising funds at a rapid pace through the investment-grade corporate bond market, with over $13.4 billion raised in the US so far in 2024. This surge in bond issuance is providing cheaper financing opportunities for these funds amidst high liquidity and limited investment options, allowing them to invest at more attractive rates and remain competitive in the current market environment.
Source: YAHOO