Milan prosecutor says there is evidence of state-guaranteed loans given to businesses connected to organised crime
Lender agrees sale of asset manager to Oaktree in deal worth up to £200mn
Plus, Gary Stevenson’s ex-colleagues weigh in on his self-proclaimed trading success and Spain blocks train deal
The venture is the latest in a string of tie-ups as traditional banks try to find a place in the private credit industry
Retailer Suning warns investment firm that its action could ‘seriously jeopardise’ Italian football club
Vessel owned until recently by US private equity group Oaktree Capital is latest to be hit in Gulf of Aden
Oaktree’s incoming head talks high-yield bonds, private credit and why regional banks are lending to middlemen
Credit investor is latest private lender aiming to fill void left by Wall Street banks
Asset manager joins group of US billionaires and sports moguls assembling offers
CVC, Hellman & Friedman, Silver Lake and Oaktree emerge as rivals for a stake in Ligue 1
Plus, activists descend on UK plc, crypto outflows, and van Gogh’s self-portraits
Howard Marks’ $161bn fund has control of two prize assets after defaults by world’s most indebted developer
Loan default gives US distressed debt specialist ownership of one of the developer’s most-prized assets
Plus, Europe’s biggest buyout firm embraces the private equity IPO 2.0 and the fierce global patent battle that began in a tiny Norwegian fishing village
Los Angeles-based asset manager has a secured loan to one of ailing Chinese developer’s star projects
Receiver appointed to Hong Kong development that was crucial to draft $20bn bondholder deal
Test case auction of shadow lender DHFL draws criticism about revamped process
Investors switch focus to credit funds as alternative to public markets flooded with stimulus money
Specialist in distressed debt investment says bounce reflects ‘too much optimism’ and predicts further falls
Canadian firm now rivals Blackstone as largest alternative asset manager
The group is bouncing back but only after a corporate brawl between private equity and creditors
Growing numbers of investors moving into low-cost vehicles that track an index
Private equity inflows driven by disillusionment with other types of investments
