🔥The 9th Round of Easy Loan, Earn $40 Reward is in progress❗️ ⏰ Promotion Period: January 15th - Feburary 15th, 2025 👉 Register now and check more details at gate.io/campaigns/358

rest in peace cousin ❤️ we’ll miss you, joey

GC Services, a Houston-based debt collector, is preparing to file chapter 11 bankruptcy after losing key client, sources told me & @elbellllll. Allegedly it failed to space out 6 ft apart its call center staff during Covid, and has been criticized for its tactics to collect dues

A group of US senators asked the SEC to go through with the Private Funds Proposal, specifically citing the growth of private credit as one of the reasons. Bloomberg story (by Ellen Rose Schneider, paywall): news.bloombergtax.com/financial-acco… Letter: banking.senate.gov/imo/media/doc/…

Banks are pulling back on financing for small and midsize businesses as well as consumer credit companies. That’s provided a huge opening for the new rising power on Wall Street: private credit funds. By Carmen Arroyo Ellen Rose Schneider bloomberg.com/news/articles/…

Blue Owl $OWL is formalizing plans to open an office and hire a team in Dubai as it seeks to manage more money for Middle East investors. Scoop via JSage Ellen Rose Schneider 🤑💰 bloomberg.com/news/articles/…

Private credit funds are pushing down their prices to keep contested deals from falling into the hands of Wall Street banks seeking to reassert their edge in lucrative leveraged lending. Great analysis by Silas Brown, Ellen Schneider & Kat Hidalgo bloomberg.com/news/articles/…

Chicken Soup for the Soul Entertainment, the purveyor of self-help books and owner of DVD rental firm Redbox Entertainment, is considering issuing new preferred equity among a range of options to stave off a cash crunch Story w Ellen Rose Schneider: bloomberg.com/news/articles/…

Private credit meets 🍃 Scoop by Carmen Arroyo Ellen Rose Schneider Cannabis producer Ascend Wellness has reached out to direct lenders to refinance its outstanding debt. bloomberg.com/news/articles/…

Friday scoop: Ares, Blue Owl lead a $4.8 billion private credit deal for Novo Holdings buyout of @CatalentPharma — one of the biggest of all time. With Ellen Schneider and John Sage: bloomberg.com/news/articles/…

SCOOP: Vista Equity Partners-backed Pluralsight Inc. shifted assets away from its private credit lenders as part of a move to raise fresh financing. With Ellen Rose Schneider and Carmen Arroyo, here’s a gift link: bloomberg.com/news/articles/…

Private credit is getting a taste of the transactions that have roiled lenders’ investments in public credit. Our full story on Pluralsight out this morning, gift link: bloomberg.com/news/articles/…