Loan Note

Will direct lending and asset-based finance merit separate allocations? Plus: Golub teams up with Mizuho in Japan; and MSCI shows credit outperforming private equity.

Panellists at the PDI New York Forum reflected on the scale of opportunity in asset-based finance. Plus: why Pluralsight may not be as worrying as some think; and smaller funds to the fore in Luxembourg.

Borrower pressure eases as rates come down. Plus: ADIA makes latest commitment to real estate debt; and Finnish financier gets support for SME lending.

“The worst feels like it’s behind us” – one of the views expressed at last week’s PDI New York Forum. Plus: Monroe lands mandate from the White House; and Angel Oak completes mortgage securitisation.

Both Muzinich and Carlyle have been out signing joint ventures covering everything from energy transition assets to equity release mortgages. Plus: AXA IM Alts is also eyeing up further diversification with an investment-grade, liquid ABS fund.

We bring you three LP views ahead of our PDI Germany Forum. Plus: BlackRock and Partners Group take a collaborative approach to attracting wealth capital; and France’s LBP AM makes progress for its latest senior secured debt fund.

Chatham makes hires for new collateralised loan obligation business. Plus: Fitch brings NAV loans into its ratings universe; and Ocorian exposes North American GPs’ concerns over EU regulations.

AXA IM Alts’ acquisition of Capza is the latest example of private debt consolidation. Plus: Alcentra finds European loans are outperforming; and HSBC launches two new private debt strategies.

The US’s Clearlake Capital expands in Europe through MV Capital purchase. Plus: Morgan Stanley has fundraising success with junior debt fund; and a shuffle at the top at Comvest Partners.

Why there are high expectations for esoteric structured credit. Plus: private debt defies challenging private markets backdrop; and credit solutions aim to ease M&A blockage.