Check out @j_lovinger and my deep dive into what's happening in Texas schools!
Texas is set to become the largest state to adopt a publicly funded school-choice program. It comes as some school districts "cut to the bone" and Wall Street's getting worried about the sector.
Bracelets, bagpipes and beer. As BlackRock’s head of municipal bonds, Pat Haskell needs to get the firm's actively managed muni mutual funds business growing again @LaurenLaCapra with the edit https://t.co/nv9QT3m2fL via @markets
Our deep dive on Clearlake Capital Group, the California-based private equity firm known outside financial circles for its Chelsea FC investment. https://t.co/UZfiKQHJgc
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: https://t.co/8hjHQUKaVm
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 @Ell_Schneider and @ArroyoNieto, here’s a gift link: https://t.co/UVoEDIqYA7
My new book OPUS is now available for pre-order.....
A thrilling exposé recounting how members of Opus Dei��a secretive, ultra-conservative Catholic sect—pushed its radical agenda within the Church and around the globe, using billions of dollars siphoned from one of the Europe's largest banks.
US & Canada | https://t.co/R4X5VWTPwY
UK & Commonwealth | https://t.co/XJkQh9MoNy
Spanish translation details coming soon.
Some news: I'm spending the next three months in London to report and edit on all things European levfin and distress
Hmu if you know how French restructurings work, have restaurant recs, etc!
1/ Even though Rite Aid's bankrupt, its CEO is making $300,000 a month. Its lawyers are making $2,000 an hour. Lenders are making millions. But thousands of opioid victims who have sued the company are expected to get nothing at all. Gift link --> https://t.co/qFf3Vhvk7B
NEW: Fund managers in the $1.7 trillion private credit industry often value their loans more generously than others do. Regulators are starting to worry.
Read The Big Take ⬇️ https://t.co/m1yddM4ZKc
How a $5 billion debt deal that was supposed to shatter records in the private credit market turned into Wall Street’s biggest triumph against direct lenders.
via @JohnBSage & @PSeligson
https://t.co/414W9WhKvF
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 @silasfelixbrown, Ellen Schneider & Kat Hidalgo
https://t.co/un90ySiQeY
To journalists at Bell Media and elsewhere who've been let go recently, my sympathies. I especially want to give a shoutout to those who've left BNN Bloomberg -- good people, all of them.
Bilingual reporters: Bloomberg News may have a short-term opening. DM me if interested.
Corporate bond sales hit $188.6 billion in the US in January, setting a record for the month. “We could easily see $200 billion of sales this month.” https://t.co/ixo8MguXtl
Citigroup is shutting down its storied muni bond business. A huge deal in #muniland for US governments who consistently relied on the bank for financings both big and small. https://t.co/IQxt0kN73m by @jennysurane@sridinats