Moody’s cuts rating on private credit fund run by KKR and Future Standard to junk as bad loans grow
[ad_1] A KKR logo displayed on the floor of the New York Stock Exchange on Aug. 23, 2018. Brendan McDermid | Reuters Moody’s Ratings on Monday downgraded a private credit fund run by KKR and Future Standard to junk amid rising bad loans and a string of weak earnings. The ratings firm lowered the debt […]
Blue Owl curbs investor liquidity following asset sale, shares slide almost 6%
[ad_1] Shares in Blue Owl Capital tumbled almost 6% on Thursday after the private market and alternative assets manager sold $1.4 billion of loan assets held in three of its private debt funds. Blue Owl said Wednesday it had agreed the sale with four North American pension and insurance investors, with the loans changing hands […]