Greg Olafson News Today

The latest fundraising marks the fifth iteration of the firm's Loan Partners fund

Private credit is gaining in popularity as investors seek out alternative investments with attractive dividends.

Wall Street banks are raising billions of dollars to regain ground in lending to companies in debt-backed deals after giant private equity and asset management firms muscled in on the business over the last two years. Credit markets recovered after the Fed paused its monetary tightening late last year, encouraging banks to make a comeback in leveraged finance using their own capital and outside institutional money to expand private credit businesses. The broader $1.5 trillion syndicated loan m...

Wall Street banks are raising billions of dollars to regain ground in lending to companies in debt-backed deals after giant private equity and asset management firms muscled in on the business over...

Goldman Sachs is reportedly aiming to double the size of its $110 billion private credit business. That shift involves reshuffling senior executives.

Bank of America just promoted its MDs.

Goldman Sachs appointed Greg Olafson its global head of private credit as it aims to expand a business that has $110 billion of assets under management, according to a memo seen by Reuters. ...

The turmoil facing US regional banks has prompted some lenders to step back, leaving space for investors such as asset managers, private equity (PE) funds and insurers to lend more. Non-bank lenders with deep pockets have invested in credit assets for years, but the regional banking crisis could supercharge their…

Direct lending by non-bank creditors contrasts with the more widespread practice of banks underwriting debt that they can sell in secondary markets

The turmoil facing U.S. regional banks has prompted some lenders to step back, leaving space for investors such as asset managers, private equity funds and insurers to lend more.... | May 22, 2023