Loan Note

Our cover story puts default rates under the microscope. Plus: impact high on LPs’ priority list; and a new report indicating a strong year for the broadly syndicated loan market.

PGIM acquires buy-now-pay-later portfolio. Plus: Pemberton teams up with Santander to launch supply chain solutions provider; and Triton fund will target firms facing short-term difficulties.

The collateralised loan obligation comeback – but rising defaults cast a cloud. Plus: LPs positive about private debt allocations; and Hayfin sets up a new base in Chicago.

Maryland pension poised to establish climate panel. Plus: the Alternative Credit Council charts the growth of private debt; and Aviva launches a private debt-focused Long-Term Asset Fund.

Regulatory reform is helping to drive more family offices to invest in alternative assets. Latham & Watkins has added a number of new professionals to its restructuring team.

Blackstone has provided venture capital funding for tech firm Cardo AI, which produces the asset-based finance tech it uses in its credit division. 17Capital has received a $1 billion investment for its NAV finance strategy.

European public markets have become more active through 2024 and this is having knock-on effects for private debt funds. Plus: GCM Grosvenor and CIO Investments are launching a retail infrastructure fund consisting of equity and debt.

Janus Henderson is launching a credit ETF consisting of a broad basket of credit instruments. Blackstone makes changes to the leadership of its tactical opportunities strategy.

Our survey respondents believe private debt is a credible alternative to the BSL market. Plus: KBRA sees demand growing for rated NAV loans; and PennantPark fund close beats target.