The SEC has proposed rewriting Rule 17a-7 so registered funds can again trade most fixed-income securities with affiliated funds. A 2020 valuation rule had shut that door for most bonds. The proposal moves oversight from fund boards to compliance officers.
Cara Willenbrock via UnsplashMasayoshi Son is seeking as much as $100bn from Gulf investors for a fund that would buy companies and run them with AI, the FT reports. He raised nearly that much for the first Vision Fund in 2017. This time SoftBank already has almost $65bn in OpenAI.
Alphabet's robotaxi company has closed a $5bn term loan, its first borrowing, with PIMCO, Blackstone and Sixth Street leading a lender list that spans bond funds and private credit. The deal started at more than $3bn and grew.
Firmus, the Nvidia-backed AI data centre builder, closed the books on its Australian float on Thursday without a clear price, Bloomberg reported. Maas Group, which owns 3.2 per cent of it and supplies it, lost about A$517m of market value instead.
Lambda, the Nvidia-backed GPU cloud, is raising up to $4bn before a planned 2027 listing. Its backlog more than tripled in three months, and one contract signed in late August is worth as much as the whole increase.
Companies are issuing more debt than at any point on record and paying historically little for it. Both facts are true at once, which is the puzzle.
September 6, 2026A strategy that earns pennies on enormous size only works while the financing is nearly free. Regulators are considering making it cost something.
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