Blackstone (BX), Apollo (APO), KKR (KKR), Ares Management (ARES), and CVC have agreed to join the Bank of England’s upcoming stress test examining how the rapidly expanding private credit market would withstand a major shock, The Financial Times’ Alexandra Heal and Martin Arnold reports. Their participation allows the BoE to proceed with its first “system-wide exploratory scenario,” focused on the resilience of non-bank lenders, according to people briefed on the matter.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BX:
- Midday Fly By: Nvidia invests in Synopsys, U.S. strikes pharma deal with UK
- Blackstone considers abandoning bid for Big Yellow Group, Sky News reports
- M&A News: ServiceNow Is in Advanced Talks to Acquire Veza for $1 Billion
- Blackstone nearing deal for MacLean Power Systems for $4B, Bloomberg reports
- Aramco Strikes Up to $30 billion in U.S. Energy and LNG Deals at Washington Forum