Breaking News

Ares, Apollo cap semi-liquid redemptions at 5%, FS KKR downgraded

Apollo and Ares’ funds join a growing list of funds enforcing redemption limits, seeking to avoid downgrades.

Apollo credit funds moving towards monthly NAV reports

Executive outlines an approach to investor jitters involving real-time marks and, beyond that, the use of third-party valuations/modeling.

Conflict of interest concern: Valuation of a loan by the borrower

Valuations of Blue Owl’s BDC’s portfolio provided by Kroll have raised concern given Kroll’s close connection to Deerfield, a borrower from those BDCs.

Aspen Insurance CIO Aileen Mathieson departs

Her departure from the Bermuda-based speciality insurance firm, which has a $6.9bn investment portfolio, follows its recent takeover by Japanese insurer Sompo.

Ares loses Asia credit fundraising lead

The head of Asia product management and investor relations at the $623bn private market GP is moving on, Private Debt Investor has learned.

Arcmont almost doubles size of previous capital solutions fund

The Nuveen affiliate has collected €1.5bn for the second version of the strategy, which targets complex credits.

AIA losing reinsurance CIO, group ALM head

The executive is moving on after some nine years with the Asian insurer, which has a $333bn asset portfolio, Private Debt Investor has learned.

Eldridge closes on lease facility with ProPetro Energy

ProPetro, doing business as PROPWR, targets 750MW to be delivered by 2028.

Blue Owl halts quarterly redemptions in a non-traded BDC

The manager sells $1.4bn of loans in three BDCs and gates Blue Owl Capital Corp II.

Schroders Capital hires Asia fundraising head from Oaktree

Sabrina Meng will start in a new role at the British GP next month, Private Debt Investor has learned.