In 2024, Egan-Jones says it graded more than 3,000 private credit deals… with a team of about 20 analysts. Industry insiders worry trouble is brewing. Read our Big Take, by Silas Brown, @laura-benitez.bsky.social and myself below. www.bloomberg.com/news/article...

Exc: We looked inside the $2trn bond giant Pimco and what life's been like since its founder Bill Gross left 10 years ago. These days Pimco's hunting for ways to profit from private markets, but results are mixed and some wonder if its "bonds and burgers" recipe still works. Edited by James Boxell

NEW: Apollo is looking to gather $25b of capital for its flagship PE fund, which is expected to launch early next year, and would be the largest yet. PE firms are looking to raise record fund volumes in 2025 as the market for IPOs and lower rates are expected to give the sector a needed boost.

Bashar al-Assad reported to have fled Syria as rebels say they have captured Damascus

Nomura dismissed a senior trader named Takushi Sawada after regulators found that he had arranged the manipulative transactions that have tipped the firm into scandal. Latest via @bloomberg.com www.bloomberg.com/news/articles/2024-12-06/nomura-fired-bond-trader-sawada-after-japanese-spoofing-probe

Rebels had seized most of Syria’s largest city, Aleppo, as of Saturday, according to a war monitoring group and to fighters who were combing the streets in search of any remaining pockets of government forces.