Loan Note

Loan Note: Australia reviews superfund performance tests; take-off for Castlelake aviation business

Spotlight falls on Australian superfund benchmarks. Plus: Castlelake launches new aviation lending business; and Pollen Street backs UK restructuring specialist. Here’s today’s brief for our valued subscribers only.

Loan Note: CVC progresses on fundraising trail; Funds SA announces team changes

CVC reports strong progress with direct lending fundraising. Plus: shake-up at Australia’s Funds SA; and Palmer Square sees investor appetite for Euro CLO ETF. Here’s today’s brief for our valued subscribers only.

Loan Note: IFC was leading fund backer in H1; Lincoln identifies rising PIK and defaults

IFC made the most private debt fund commitments in H1. Plus: Lincoln finds PIK and defaults on the up; and Nuveen makes progress with infra debt fund. Here’s today’s brief for our valued subscribers only.

Loan Note: UK DC pension makes biggest commitment in H1; Carlyle AlpInvest in large CFO

Nest leads the way in H1 with biggest private debt commitment. Plus: Carlyle AlpInvest closes latest collateralised fund obligation; and CapMan completes partnership with CAERUS. Here’s today’s brief for our valued subscribers only.

Loan Note: Houlihan Lokey documents declining spreads, increased competition; Italian GPs Green Arrow, DeA join forces

Managers report that PE sponsored, top-tier credits now pricing at S+475 or below. Plus: three new partners at Sterlington. Here’s today’s brief for our valued subscribers only.

Loan Note: Tikehau AUM up; new ruling on corporate veils

Tikehau has seen its assets under management bolstered by strong fundraising in private credit. A new court ruling could offer better certainty for lenders and prevent use of corporate veils.

Loan Note: Carlyle offers $250m for farm loans; Mubadala and AXA IM buy Hayfin stakes

Carlyle has invested $250m into FarmOp Capital to provide loans to US farmers. Mubadala and AXA IM acquire minority stakes in Hayfin after Arctos completed; and MBO of the credit managers earlier this year.

Loan Note: BCI buys stake in Three Hills; Goldman launches credit CIT

Three Hills has sold a minority stake to BCI to shore up its balance sheet and grow the business. Goldman launches private credit investment trusts and Golub says the mid-market is resilient.