Apollo extends £40mn in racehorse-backed debt to football super-agent
Deal with Kia Joorabchian is latest example of a large private credit firm pushing deeper into sports lending
Deal with Kia Joorabchian is latest example of a large private credit firm pushing deeper into sports lending

Examples of assets shunted from one continuation vehicle into another are dribbling out

Cloud companies and developers rely on lossmaking start-up to repay huge loans

From football to stock analysis, too many stars make it hard to run a team

Flood of money into evergreen vehicles has meant 7.5% share carved out in fund terms no longer sufficient

US private capital giant becomes latest financial institution to suffer from exposure to collapsed UK mortgage lender

Weak creditor protection in deals gives advantage to those with the resources to examine documentation