Breaking News

Vista Credit president Flannery to step back into advisory role

Flannery, who took over leadership of Vista’s credit platform in 2018, will be succeeded by two co-heads: Greg Galligan and Pete Fisher.

Sky Leasing holds final close on $1.35bn

The fund beats its target, doubles its predecessor and reflects the return of creative aircraft financing.

TPG, Temasek take minority stake in Cliffwater

TPG admires Cliffwater’s long-running status in the retail market through interval funds.

Yale sells up to $6bn of its PE portfolio amid federal funding challenge

The US university that pioneers the ‘endowment model’ is selling its PE investments in the secondaries market for the first time.

KBRA speaks of lender resilience in three reports

Companies with direct tariff exposure – those that must buy from global sources hit by tariffs – are the obvious candidates for debt default.

Crayhill closes $1.3bn ABF fund

The fund seeks to monetise assets independently of a borrower’s overall performance.

Patron expands into real estate debt with strategic hire

The firm is aiming to raise as much as €700m in the next two years for its first dedicated credit strategy.

Ares names a new co-head of Europe alternative credit

Sehayek succeeds Applebaum, who is no longer with the asset manager; Questa remains the other co-head.

Ex-JPMorgan, PIMCO veterans launch private debt manager

The US start-up Firebrand Investors has senior management in place and is working to build out its investment team, Private Debt Investor has learned.