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A dirty little secret in a $1.2 trillion world of credit is getting exposed as the Wall Street rout deepens: Private debt is now the cheaper financing option for big-ticket leveraged borrowers than the ailing public market — upending industry norms.
June 29 -
The buyout giant has already bought billions of investments once managed by GE Capital and is now sizing up GE's insurance and jet-leasing businesses, according to sources.
March 7 -
Many banks curtailed leveraged lending following the financial crisis, and for good reason. But we may be on the verge of a leveraged-loan comeback.
April 26