A commercial complex in an industrial neighborhood of Hong Kong has become the latest flashpoint in a commercial property market struggling with pockets of weakness, even as the broader real estate market rebounds.

Bloomberg's Nabila Ahmed and James Crombie joins Katie Greifeld on "Bloomberg Real Yield." Ares Management curbed withdrawals from one of its private credit funds for the second consecutive quarter after redemption requests rose to 14.4%, the latest sign that the $1.8 trillion industry remains under pressure. (Source: Bloomberg)

On paper, it seems like a no-brainer trade: Cash out of one private credit fund at 100% of net asset value and plow the money back into a similar vehicle that’s trading at a substantially discounted price.

Apollo Global Management Inc. is assessing every new investment opportunity in the software industry for AI disruption risk, as asset managers try to quell investor concerns that rapid advances in the technology could make businesses obsolete.

A group of high-profile private credit firms are lending €1.1 billion ($1.3 billion) to French business software firm Cegid, in a show of confidence in a sector that’s been rattled by an AI-induced selloff.

A group of high-profile private credit firms are lending €1.1 billion ($1.3 billion) to French business software firm Cegid, in a show of confidence in a sector that’s been rattled by an AI-induced selloff.

Ares Management Corporation’s co-president Blair Jacobson said there’s a “real disconnect” between negative headlines about private credit and what the firm is seeing across its portfolio companies. Jacobson said companies worldwide are reporting annual growth of 8% to 12%, and non-accrual rates are lower than the company has seen historically. He joined "The Pulse with Francine Lacqua" on Bloomberg TV. (Corrects spelling of name in headline.) (Source: Bloomberg)

Ares Management Corporation’s co-president Blair Jacobson said there’s a “real disconnect” between negative headlines about private credit and what the firm is seeing across its portfolio companies.

Ares Management co-founder and CEO Michael Arougheti says the private credit market remains strong and the recent stress in the private credit market is tied to private equity. He speaks with Dani Burger at the Forbes Iconoclast Summit in New York. (Source: Bloomberg)

Ares Management Corp. was owed more than $547 million following the collapse of John Textor’s Eagle Football Group, according to a filing by the administrators on Wednesday.

Ares Management co-founder and CEO Michael Arougheti says the recent stress in the private credit market is tied to private equity. He speaks with Dani Burger at the Forbes Iconoclast Summit in New York. (Source: Bloomberg)

Shares of the biggest alternative asset managers tumbled Wednesday after Cliffwater LLC’s flagship private credit fund reported even larger redemption requests than in the first quarter, setting off a new wave of fears about the industry.

One of the most bitter feuds in distressed-debt investing, between billionaire Patrick Drahi and some of the world’s biggest money managers, has suddenly gotten even more contentious.

Two major financial firms have clashed over the restructuring of Eagle Football, the group that holds stakes in a number of football teams including the storied French club Olympique Lyonnais.

Scion Group CEO Rob Bronstein said that his team is targeting real estate around universities that represent a 'strong return on investment' in terms of tuition, as his company announces a deal with Ares Management to but $910M in student housing properties. Bronstein, joined by Bloomberg's Norah Mulinda, said that his investment is aimed at providing a wide net of locations and price points in the student housing market. (Source: Bloomberg)

Global investors including Cerberus Capital Management, Farallon Capital Management and Ares Management Corp. are in talks to invest in Shapoorji Pallonji Group’s proposed rupee debt of 143 billion rupees ($1.5 billion), according to people familiar with the matter.

Apollo Global Management Inc. eclipsed $1 trillion of assets under management on record first-quarter inflows and reported earnings that beat Wall Street estimates.

Months before Jamie Dimon’s infamous remark about more than one “cockroach” lurking in credit markets, TCW Group Inc. Chief Executive Officer Katie Koch warned the direct lending industry was due for a reckoning.

Ares Management Corp., facing a slump in dealmaking while navigating broader market turmoil, reported first-quarter earnings that missed Wall Street estimates even as wealthy clients helped fuel a record $30 billion of fundraising during the period.

A group including Ares Management Corp. provided around $800 million in a private credit deal to finance Apollo Global Management Inc.’s investment in the GoodLife Group, which operates health clubs in Canada, according to people familiar with the matter.