Analysis

Callodine, Bain, Lincoln Financial latest entrants in interval fund rush

Both products are continuously offered, closed-end interval funds that seek to provide individuals with an array of strategies.

KBRA warns 401(k) order could create a bubble of capital

But ratings agency calls the Trump initiative to democratise access to alternatives ‘profoundly fair’.

Temasek unit and Nexus take equity stakes in Post Advisory Group

The deal, expected to close this year, will bring new capital to the CLO platform as Principal and Nippon exit.

European sponsored debt financing rose in Q2 – Houlihan Lokey

Report finds unitranche activity up by 12% in the region, albeit with ‘modest’ declines in private credit yields.

Moody’s: Sponsors using accordion features to boost debt of weaker borrowers

Incremental debt provisions have existed for a long time, but stiff competition is driving manoeuvres to increase leverage.

PGIM holds $619m close on oil and gas credit fund

PGIM Energy Partners II focuses on senior and junior debt as well as structured equity investments.

TPG Twin Brook, Coller set $3bn credit secondaries milestone

This marks the largest deal of its kind, as private debt investors look to continuation vehicles for liquidity.

Neuberger Berman launches its first asset-based interval fund

NB Asset-Based Credit Fund is focused on receivables lending, consumer, small business and real asset sectors

Janus Henderson launches ABS ETF

Widening spreads make the product attractive, key executive says.