Secondaries

GCM Grosvenor closes credit secondaries fund on $1.2bn

The North America-focused fund exceeded its $886m target, with the fundraise expanding its private credit platform.

European insurers eye bigger private debt allocations

Sweden’s LF, the Netherlands’ NN Group and UK firms Pension Insurance Corporation and Foresters Friendly Society are exploring new opportunities in illiquid credit.

Oaktree partners with Pantheon to scale European lending

The deal will see up to €1bn of investment to grow Oaktree’s European direct lending platform.

Cambridge Associates eyes credit secondaries, speciality lending

Singapore-based partner Audrey The sees fast growth in the investment advisory firm’s wealthy client base in Asia and a continued rise in new allocations to private credit.

Ares, Antares close $1.7bn continuation vehicle

CV will comprise over 300 first-lien loans originated and managed by Antares.

Cliffwater CIO: Time to reconsider NAV ‘squeezing’ in secondaries

The asset manager’s investment chief cites ‘weird time arbitrage’ that the practice causes for evergreen investors who buy into vehicles at similar points.

Tikehau latest manager to close credit secondaries fund as market fires on all cylinders

Tikehau’s second credit secondaries-focused fund closes on more than $1bn having launched in the second half of 2023.

Coller leads on $1.3bn Ares credit continuation vehicle

The firm, which EQT recently agreed to acquire, has led on multiple multibillion-dollar credit CVs over the past several months.