Limited Partners

The appointee joins from rival firm FWD following the previous incumbent Phil Joubert’s move from AIA to Oaktree Capital Management last year.

The sale is expected to be the first in what could be a series of fund stakes offerings by the sovereign fund as it works to manage its portfolio.

Alternative managers have an expanded arsenal compared with the last time public markets soured on BDCs.

The $85bn fund needs to think about whether it will be investing alongside retail capital when it evaluates GPs, according to deputy CIO Allen Waldrop.

Asset-based lending and asset-backed lending can be easily confused but represent contrasting lending activities. Richard Gumbrecht of Secured Finance Network explains the differences.

Staff suggests there is potential for stress in private credit, amid higher default rates and potential for higher PIK.

The manager will expand its fixed income exposure through the all-cash transaction valued at $473m.

Israeli firm leverages Blackstone’s origination capability, including corporate, real estate and asset-based credit strategies.

Spreads on newly originated retail loans were largely stable in the third quarter, according to Trepp research.