Loan Note

The private credit fund comes to Portugal. Plus: optimistic assessment from Moody’s on prospects for the asset class; and ABS interval fund launched by John Hancock and Manulife.

Brookfield/Oaktree add new fund to wealth platform. Plus: AI could have origination role; and private debt default rate edges up, especially for mid-sized borrowers.

Strong activity – and strategic considerations – in the secondaries market. Plus: European Investment Fund backs Spanish SME lender; and ICG brings in MD in Paris.

Golub finds US mid-market going strong. Plus: Downgrades and defaults stabilising, Fitch believes; and Allianz Global Investors closes oversubscribed private debt secondaries fund.

SC Lowy poised to launch interval fund amid public to private ‘pivot’. Plus: China’s ShoreVest makes multiple hires; and Schroders finds Hong Kong wealth investors embracing private markets.

Our latest fundraising data finds no evidence of a revival just yet. Plus: Deloitte tracks a European deal upturn in Q2 of last year; and Willow Tree completes rapid-fire CLO double.

Five key findings from our LP Perspectives study. Plus: Fitch finds room for optimism in the US CLO market; and Beechbrook reaches first close for latest UK SME fund.

First close is reached for Allianz’s latest infrastructure debt fund. Plus: Singapore’s CapitaLand boosts Australia push with Wingate acquisition; and January Capital fund to help close funding gap for tech firms in Asia-Pacific.

MidOcean closes first CLO equity fund. Plus: Colbeck brings in head of business development; and a raft of promotions at King & Spalding.

Default rate remaining high for smaller companies, finds BlackRock. Plus: slower growth in modifications to banks’ CRE loans; and Sixth Street strikes ABF partnership with Affirm.