Analysis

Ares CEO says it avoids trade finance, seeks to reassure on credit cycle

Michael Arougheti, Ares’ CEO, views subprime lender collapses as ‘idiosyncratic and isolated’, not signifying a turn in the credit cycle.

Fund performance indices hit the market

LSEG’s FTSE Russell teams up with StepStone, and Bloomberg takes on indices from Hamilton Lane.

Manulife’s asset management unit takes 75% stake in Comvest

Manulife | Comvest Credit Partners will have $18.4 billion in AUM, as Canadian insurer continues snapping up assets.

ILPA: Retail vehicles could fundamentally affect GP-LP alignment, industry’s long-term health

Growth in the retail space could come to the detriment of traditional LPs and their investment interests, says the Institutional Limited Partners Association.

Credit markets, rates, overshadow ABF, interval fund launch in Blue Owl Q3

Nascent fears over credit market health and lending standards weigh on the earnings of the manager, which is staking its future on ABF and retail investors.

BIS research scrutinises private credit ratings, transparency, liquidity risk

Life insurers have shifted from simple asset-liability matching to linking with private equity and illiquid credit investments.

First Brands bankruptcy prompts questions over private credit exposure

The Ohio-based concern’s term loans were primarily underwritten and syndicated by investment banks.

First Brands Group bankruptcy: Two rating firms say ‘don’t panic’

CLO structures act as a firebreak by limiting concentrations of assets from any one obligor, Moody’s says

Eagle Point, Apple Bank form equipment financing venture

Newton, the newly formed venture, will source deals across the US and be administered by both companies.

LA pension CIO confident in private credit despite potential froth

As the $87bn California pension approves change to remove a cap on manager names in the portfolio, CIO Jonathan Grabel says the system doesn’t have unique concern about credit market.