Fundraising

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

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

Blackstone, facing 10% redemption requests, adds to the recent spate of redemption limits from BDCs as outflows rise.

The US firm has hired an executive from JP Morgan, as insurers and other allocators continue to push into private credit, Private Debt Investor can reveal.

In an era of proliferating zombie funds, the best way to survive the undead is to spot them before they stop breathing.

The latest vintage of the series, which previously held rights to Taylor Swift’s catalogue, continues its focus on acquiring cashflow-generating assets.

The global direct lending platform is comprised of around 10 vehicles across a variety of structures.