Loan Note

CapMan has bought its way into the real estate debt segment as the market heats up. Syndicated debt markets bounce back from Trump tariffs; and CVC prices its fourth CLO of 2025.

Varde Partners and CPP join forces in fund finance. Plus: First Eagle launches real estate debt fund; and KBRA finds recurring revenue loans outperforming.

Marathon’s Richards highlights speciality finance role in solar difficulties. Plus: Patria in LatAm fundraise; and Aegon’s new capital call fund.

Partners raises €2bn amid growing investor interest in evergreen vehicles. Plus: Cliffwater disputes that alternatives act as a drag on pension performance; and views on credit from the PERE Europe Forum.

Questions raised over whether LPs are failing to sufficiently diversify in private debt. Plus: signs of life in the European unitranche market; and Bridgepoint establishes music royalties partnership.

Our June 2025 issues examines the stresses and strains in direct lending. Plus: Cliffwater compares public and non-traded BDCs; and Moody’s lays bare the changes private credit has brought to the life insurance industry.

Don’t miss the chance to meet and hear from leading LPs at our Japan Korea Week. Plus: opportunity hailed in sports lending; and Opulum Capital launches credit platform.

Ares leads fourth-largest private credit deal. Plus: CLO market could still be hit by “second order” effects; and emerging Africa/Asia infrastructure fund raises fresh capital.

Figures from CBRE show commercial real estate lending is growing despite difficult market conditions. Aberdeen favours private credit; and Monroe Partners launches a venture to invest in RVs and marine vehicles.

PDI Europe Summit finds LPs concerned about dealflow and possible recession. Plus: also at the Summit, private equity professionals offered thoughts on a challenging financing climate, and a range of industry players shared their thoughts on market conditions.