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UBS Group (NYSE:UBS) is consolidating its holdings across eight private credit funds into a debt offering, backed by an insurance guarantee against default.
Through its money management division, Unified Global Alternatives, UBS plans to issue $500 million in securities, of which $375 million will be protected by the unnamed insurer to mitigate default risk.
This structure secured an A2 rating from Moody’s Ratings, Bloomberg reported. Conversations are still ongoing and details could change, unnamed sources told the publication.
Unlocking Cash From Hard-To-Sell Investments
The trend of securitization reflects broader market shifts, as private equity firms grapple with slower exits …
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