Each day, DailyAlts tracks major developments across the alternative investment world. Our content is procured from primary contacts in the industry and secondary sources across the web. Our goal is to give readers the most up-to-date news and engaging experience to open new doors and areas of knowledge. Our stories cover nine separate verticals of the alternative investment industry.

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Private Credit: Coronavirus to Shift Market in Profound Ways

Private credit has been one of the fastest-growing areas of the credit market since the great credit crisis ended a decade ago. As banks stepped back from small and mid-market lending, especially in riskier areas like expansion and takeovers, funds sprang up to fill the void for a price. Institutions pensions placed enormous sums of money in private credit vehicles to capture higher yield as interest rates on other fixed-income investments declined steadily. The private credit markets have grown from just $237 billion in assets in 2008 to an estimated $812 billion today. That’s a growth rate of almost 12%. Some estimates say that 70% of small to midsize businesses are at least partially financed by private credit funds. Private Credit and Coronavirus Coronavirus will challenge and could reverse the rapid growth of private credit. It is going to be a lot harder to raise money in the private credit business until we know the full impact on the economy and financial markets. There is a real chance that pension funds, one of the biggest investors in private credit, will have to add to their equity portfolios. A significant market decline could trigger an asset allocation shift towards stocks. That…

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Hedge Funds: Seth Klarman Emerges to Open Baupost Group
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Value investor Seth Klarman has emerged from his bearish slumber. The head of Baupost Group announced he had spent $1.5 billion on new investments in recent weeks. Bloomberg reports that…
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Private Equity: KKR is Buying Recycling Firm Viridor for £4.2 Billion in Cash
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In the largest deal since the coronavirus began crashing markets and economies, KKR (NYSE: KKR) is buying UK recycling company Viridor. It will acquire the firm from Pennon Group for…
Venture Capital: Fox Buys Streaming Startup Tubi for $440M; Sells Roku Stake
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Fox Corporation (NASDAQ: FOXA) snapped up direct-to-consumer streaming startup Tubi for $440 million in cash. Simultaneously, Fox disposed of its 5% stake in streaming platform Roku, using the cash for…
Digital Assets: Bitcoin Miners Could Pull Supply As Mining Becomes Unprofitable
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The global sell-off has not spared bitcoin, and the cryptocurrency is licking its wounds after a gut-wrenching 53% decline from its February high to its recent low of $4,825. Prices…

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