Loan Note

PDI Europe Summit finds a rising tide of family office money targeting private debt. Plus: GP and LP thoughts on the distressed market; and Canyon and Variant announce new hires.

Australia’s HMC Capital pledges to be a market leader in transparency as regulators take a close interest in the asset class. Plus: borrowers face secondary tariff impacts; and Oaktree notes three areas of opportunity.

Our deep dive into LPs’ private debt allocation decisions. Plus: a first close for Granite Asia’s debut hybrid credit fund; and Clearlake Capital launches credit platform.

Sovereign wealth fund Mubadala signs partnership with fund manager Fortress. Plus: new chief in charge at Balbec; and our latest podcast points to golden age ahead.

Voting opens for our 2025 Women of Influence in Private Markets. Plus: Sculptor beats fund target; and China’s private debt decline set to continue.

Blackstone one of trio of firms in new investment partnership. Plus: Proskauer charts drop in default rate; and Moody’s/MSCI increase scrutiny of private credit risk.

Private debt on the radar as LACERS seeks opportunity. Plus: LSTA measures the size of the asset class; and GCM Grosvenor links up with real estate investment firm.

Credit buoyed by solid corporate fundamentals says BlackRock. Plus: Janus Henderson and Guardian Life sign partnership; and Franklin Templeton launches latest interval fund.

UK defined benefit pension superfund establishes private markets allocation. Plus: index identifies yield pick-up; and direct lending returns held up strongly in 2024.

The public but non-listed vehicle plans to lend to borrowers with EBITDA of $5m-$50m.