Wall Street ponders what happens to booming private credit market when you-know-what hits the fan
The explosion of private credit has been met with a whole host of concerns, but among the louder ones more recently is that the industry has not experienced a downturn at scale. And therefore, what does that mean for borrowers when there’s some kind of crisis? When asked about the migration of assets to the […]
ESR buyout showcases depths of Hong Kong misery
Even by Hong Kong standards, real estate fund manager ESR (1821.HK), opens new tab is having a rough time. A potential buyout looks well-timed, but backers like Canada’s OMERS Administration can push for a high premium. The $6.3 billion ESR manages real estate assets including data centres and warehouses across mainland China, Japan, South Korea, Australia, Singapore […]