Posted inBanking and Financial Institutions Blackstone Group, The Brookfield Asset Management Carlyle Group LP Dimon, James Federal-State Relations (US) KKR & Co LP Life Insurance Mergers, Acquisitions and Divestitures Private Equity Prudential Financial Inc Regulation and Deregulation of Industry
A ‘Shadow’ Lending Market in the U.S., Funded by Insurance Premiums
Apollo was the first to use annuities to build a major financing business. Others followed, driving the growth of the private lending market and worrying regulators.