Fundraising

AllianceBernstein installs APAC head of insurance solutions

The US asset manager has hired David Luo from insurer AIA for what is understood to be a newly created role.

Monroe and AIP close $643m aviation securitisation

The portfolio has a weighted average aircraft age of approximately 5.6 years. This is very close to the average for commercial aircraft securitisation deals.

IPF closes on €241m for healthcare debt

As the market opportunity expands, the healthcare-focused manager is finding opportunities to invest larger ticket sizes.

Sagard reaches half its $2bn target in first close on third vintage

The firm is using Credit Partners III, a senior secured, direct lending fund, to focus on non-sponsored borrowers.

‘Self-liquidating’ helps Arctos make a $6.2bn GP financing debut

The Keystone strategy is expected to remain relevant across fundraising cycles, says managing partner Ian Charles and partner Charlie Tingue.

BDC redemption requests in Q2: more of the same, if not worse

The trend among retail investors that started in Q1 accelerates, on average, and involves many of the same large fund managers.

Hunter Point hits $4.3bn close for NAV loan and pref equity debut

The firm’s strategies fall under a shared platform, and each beat their targets.

Stable outlooks for ‘vast majority’ of rated BDCs: KBRA

But cap raises at the top five perpetual life BDCs declined 50% year-on-year and profitability is pressured.

Ares closes Pathfinder III at increased $8.5bn hard-cap

The asset-based fund beat its target and raised $12.7bn of investable capital including commitments extended from the prior vintage.