Structured Finance

Multi-fund transactions remain the domain of large GPs, but experts note there’s more activity in single-fund versions for managers with less than $15bn in AUM.

The latest fund builds on a January partnership with Barings Portfolio Finance, PEI Private Credit can reveal.

The sale of super prime and prime loans will net Truist $7.2bn in proceeds, a 6.5% discount.

Oaktree’s inaugural, closed-end asset-based finance fund will focus on capital solutions to a broad spectrum of originators, including equipment leasing, consumer and infrastructure.

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

Octaura, a trading platform, aims to address worrisome inefficiencies in syndicated loans markets and CLOs through its new ‘Insights Platform’.

The strategy that sits between debt and equity is seeing increasing demand from investors.

Retail investor redemptions are not being viewed as a troubling sign for private credit GPs, panellists say, echoing US SEC chair’s sentiment that asset class is not facing systemic issues.

The manager’s deputy co-head of hybrid, Chris Lahoud, says the current moment is one of heightened volatility.