[Tree] Growth of private credit and M&A activity

Version 0.33 (2024-11-06 06:45:53.100000)

updates: M&A activity resurgence and market expansion insights

Version 0.32 (2024-10-15 06:41:06.836000)

updates: Kashkari's insights on private credit's risk mitigation

Version 0.31 (2024-09-26 10:41:09.902000)

updates: Bankers defecting to private credit for better opportunities

Version 0.3 (2024-09-20 04:37:08.404000)

updates: Increased scrutiny and competition, potential recession risks

Version 0.29 (2024-09-13 02:35:58.638000)

updates: Private debt fundraising declines; banks increase competition

Version 0.28 (2024-08-12 14:59:48.139000)

updates: Added information about private credit's role in the US economy

Version 0.27 (2024-07-24 05:14:06.012000)

updates: Blackstone expands into private investment-grade credit, targeting growth in Europe and Asia

Version 0.26 (2024-07-19 05:03:43.544000)

updates: Private credit industry transforming into new banks, embracing risk

Version 0.25 (2024-07-14 05:55:54.695000)

updates: Private credit market challenges due to increased competition from banks

Version 0.24 (2024-07-12 09:01:50.016000)

updates: Private credit market contraction, challenges for smaller firms, limited partners favoring larger managers

Version 0.23 (2024-07-11 17:56:16.527000)

updates: Moody's warns of risks in private credit market

Version 0.22 (2024-07-11 16:57:23.561000)

updates: Moody's warns of growing risks in private credit market and calls for regulatory scrutiny

Version 0.21 (2024-07-11 16:56:43.422000)

updates: Private credit growth raises concerns about oversight and transparency

Version 0.2 (2024-07-10 12:57:29.149000)

updates: US regional banks face scrutiny due to CRE exposure

Version 0.19 (2024-07-10 12:55:25.833000)

updates: Distressed investors see an opportunity to buy troubled US real estate assets as the commercial property crash continues. Private equity firms have set aside $400 billion for property investment, with 64% targeted at North America. The fear is that a strong US bias will delay the work out of troubled loans and properties in other parts of the world. Almost $1 trillion of debt linked to commercial real estate will mature this year in the US, creating more options for buyers of distressed assets. The number of US banks at risk would exceed levels seen in the 2008 financial crisis if CRE values fell by only 20% from their peak. The overall pool of private equity capital for commercial real estate has shrunk by 26% globally. Banks in Germany update valuations of buildings they have financed less regularly than peers in the US. European Banking Authority chair Jose Manuel Campa expects a further increase in non-performing loans.

Version 0.18 (2024-07-10 08:58:52.986000)

updates: Federal Reserve Chair warns of lasting risk to commercial real estate

Version 0.17 (2024-06-30 00:53:43.257000)

updates: US banks selling exposure to commercial real estate loans

Version 0.16 (2024-03-14 05:17:34.610000)

updates: Updated information on Goldman Sachs Asset Management's plan to resume investing in US commercial property

Version 0.15 (2024-03-14 02:17:05.170000)

updates: Goldman Sachs Asset Management plans to resume actively investing in US commercial property this year as the market is bottoming out. The prices of US offices and other commercial properties have fallen sharply due to higher interest rates and soaring vacancy rates. Jim Garman, GSAM's head of real estate, sees a buying opportunity due to lower interest rates and a floor in prices set by buyers. British fund manager Schroders is also preparing to buy up US commercial property in the billions of dollars over time. Executives at the MIPIM property conference said some parts of commercial real estate, such as logistics and data centers, were holding up well. Regulators are focusing on commercial real estate exposures at banks, but lenders are more accommodating than during the 2007-2009 global financial crisis.

Version 0.14 (2024-03-13 16:24:01.035000)

updates: Goldman Sachs Asset Management plans to resume U.S. real estate investment

Version 0.13 (2024-03-13 16:21:26.150000)

updates: Includes Goldman Sachs' plan to resume U.S. commercial property investment

Version 0.12 (2024-03-13 15:19:59.580000)

updates: Goldman Sachs Asset Management to resume U.S. real estate investment

Version 0.11 (2024-03-05 20:21:27.271000)

updates: Commercial property prices may be declining

Version 0.1 (2024-03-04 18:20:12.500000)

updates: Analysts see signs of optimism in the commercial real estate market despite challenges

Version 0.09 (2024-03-04 13:22:48.599000)

updates: Analysts see potential recovery in the market

Version 0.08 (2024-03-01 04:21:43.803000)

updates: German lender Aareal warns of bad U.S. office loans

Version 0.07 (2024-02-22 11:22:28.879000)

updates: New information about the increase in commercial foreclosures in the United States

Version 0.06 (2024-02-21 08:19:00.070000)

updates: New information on delinquent commercial real estate debt and bank reserves

Version 0.05 (2024-02-17 16:21:33.545000)

updates: Updated information on commercial real estate debt and potential banking crisis

Version 0.04 (2024-02-17 14:18:05.233000)

updates: The potential banking crisis triggered by the distressed commercial real estate market

Version 0.03 (2024-02-13 06:22:15.369000)

updates: The story now includes information about the volume of loans coming due in the US commercial and multifamily real estate, the increase in loan estimates, the impact of the Federal Reserve's decision on interest rates, the concerns raised by regulators and investors, the decline in commercial-property prices, and the amount of debt coming due for banks and nonbank lenders. It also mentions the impact of remote and hybrid work on office values and vacancies.

Version 0.02 (2024-02-08 17:15:32.257000)

updates: The impact of 'zombie offices' on banks and the commercial real estate industry

Version 0.01 (2024-01-04 23:17:13.313000)

updates: Add information about office building owners facing debt repayments in 2024

Version 0.0 (2023-11-26 21:49:44.708000)

updates: