Cooperman Cash Went to Private-Credit Boom's Hidden Side
Investors in some private credit funds may end up with some of their money flowing to lenders specializing in merchant cash advances, whose high rates have drawn scrutiny from New York investigators, Bloomberg's Zachary R. Mider and Zeke Faux report. Leon Cooperman's foundation was among those investing in a fund that backed one of these lenders, Mider tells Sonali Basak on "Bloomberg Markets." (Source: Bloomberg)
Investors in some private credit funds may end up with some of their money flowing to lenders specializing in merchant cash advances, whose high rates have drawn scrutiny from New York investigators, Bloomberg's Zachary R. Mider and Zeke Faux report. Leon Cooperman's foundation was among those investing in a fund that backed one of these lenders, Mider tells Sonali Basak on "Bloomberg Markets." (Source: Bloomberg)
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