Banks globally are looking to sell technology loans in an effort to de-risk before year-end, according to Silver Rock Capital Partners. “We do see that bank channel as having some level of indigestion because that was the first and easiest channel that a lot of the biggest borrowers went to,” Vinay Kumar, the private credit firm’s managing partner and chief investment officer tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s Negisa Balluku in the latest Credit Edge podcast. “Indigestion does create some opportunities for us to help to place some of that paper, albeit probably at a discount,” Kumar says, referring to financial institutions across the US, Europe and Asia offering loans related to the AI buildout. They also discuss rescue financing, private credit risks, asset-based finance and investment opportunities in software debt.

 

Banks globally are looking to sell technology loans in an effort to de-risk before year-end, according to Silver Rock Capital Partners. &ldquo;We do see that bank channel as having some level of indigestion because that was the first and easiest channel that a lot of the biggest borrowers went to,&rdquo; Vinay Kumar, the private credit firm&rsquo;s managing partner and chief investment officer tells Bloomberg News&rsquo; James Crombie and Bloomberg Intelligence&rsquo;s Negisa Balluku in the latest Credit Edge podcast. &ldquo;Indigestion does create some opportunities for us to help to place some of that paper, albeit probably at a discount,&rdquo; Kumar says, referring to financial institutions across the US, Europe and Asia offering loans related to the AI buildout. They also discuss rescue financing, private credit risks, asset-based finance and investment opportunities in software debt.
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The Credit Edge reviews the top credit news of the week and looks at the week ahead, with in-depth research of the most important corporate sectors, trends and themes. Analysis of specific corporate bonds and credit default swaps is backed by Bloomberg Intelligence's robust data sets and indexes.

The Credit Edge reviews the top credit news of the week and looks at the week ahead, with in-depth research of the most important corporate sectors, trends and themes. Analysis of specific corporate bonds and credit default swaps is backed by Bloomberg Intelligence's robust data sets and indexes.

The Credit Edge by Bloomberg Intelligence

Banks Are Trying to Offload a Large Pile of AI-Related Loans 

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