By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > Todd Boehly’s investment house in advanced talks to buy private credit firm
News

Todd Boehly’s investment house in advanced talks to buy private credit firm

News Room
Last updated: 2024/05/09 at 8:10 PM
By News Room
Share
3 Min Read
SHARE

Stay informed with free updates

Simply sign up to the Private equity myFT Digest — delivered directly to your inbox.

US financier Todd Boehly’s investment house is in advanced talks to buy European private credit firm Hayfin Capital Management, according to people familiar with the matter. 

A deal would give Boehly’s Eldridge Industries a foothold in the fast-growing market for lending to private European companies, building on its investments spanning insurance, asset management, technology, media and real estate. 

Hayfin has more than €30bn in assets under management, across direct lending, special opportunities and high-yield credit.

The proposed deal values Hayfin at more than €1bn, one of the people briefed on the situation said.

Boehly, Eldridge’s co-founder and chief executive, led a group in 2022 that bought Chelsea Football Club in a high-profile £4.25bn deal.

He also co-owns the Los Angeles Dodgers baseball team and the LA Lakers basketball team.

Connecticut-headquartered Eldridge did not immediately respond to a request for comment. Hayfin, which has its headquarters in London, declined to comment.

The private credit market has taken off in recent years after some banks shied away from lending in the wake of the global financial crisis. 

The IMF estimates the size of the global private credit industry at more than $2tn, most of which is in the US, rivalling the high-yield and leveraged-loan markets.

The retreat of some banks from the lending market has prompted businesses which began life as buyout firms, including Blackstone and KKR, to develop large private credit arms.

Meanwhile, asset managers such as Franklin Templeton have also acquired private credit firms in an effort to profit from growing investor demand for the activity.

Hayfin was founded in 2009 by two former Goldman Sachs bankers, with backing from private equity firm TowerBrook Capital Partners.

In 2017, investors including TowerBrook sold Hayfin to British Columbia Investment Management Corporation, a Canadian pension plan. 

Since then, Hayfin has grown its assets under management nearly fourfold to more than €30bn, and it now employs more than 200 people across Europe, the US and Asia.

Last year, the firm raised more than €6bn for its largest fund, which lends money to private companies.

Bloomberg reported last month that Eldridge was among the finalists in the auction to buy Hayfin.

Read the full article here

News Room May 9, 2024 May 9, 2024
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Saudi Arabia and US agree $600bn of AI and defence deals

The US and Saudi Arabia announced agreements the White House said were…

UnitedHealth chief Andrew Witty steps down after share plunge

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

US inflation falls to 2.3% in April

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

Donald Trump’s gargantuan self-dealing

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

Foreigners snap up $57bn in Japan assets in ‘liberation day’ rush

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

- Advertisement -
Ad imageAd image

You Might Also Like

News

Saudi Arabia and US agree $600bn of AI and defence deals

By News Room
News

UnitedHealth chief Andrew Witty steps down after share plunge

By News Room
News

US inflation falls to 2.3% in April

By News Room
News

Donald Trump’s gargantuan self-dealing

By News Room
News

Foreigners snap up $57bn in Japan assets in ‘liberation day’ rush

By News Room
News

EU readies capital controls and tariffs to safeguard Russia sanctions

By News Room
News

Donald Trump leans left in bid to revive flagging poll numbers

By News Room
News

Trump’s patience with Netanyahu is running out

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?