(HedgeCo.Net) Blackstone’s reported emergence as the preferred buyer for HSBC’s $26 billion Australian loan portfolio is more than another balance-sheet transaction. It is a powerful example of how the largest alternative asset managers are becoming the natural buyers of scale when global banks decide to retreat from non-core lending businesses.
For Blackstone, the opportunity fits squarely into a broader market theme: the continued transfer of credit assets from regulated banks to private ca...
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