Limited Partners

Why volatility may see higher allocations

Private debt is viewed as a relatively safe asset class in times of turmoil, but not all LPs are entirely sold on its merits.

Fundraising’s fragile green shoots

Investor sentiment around private debt has proved determinedly positive, but funds have been finding the capital-raising environment tough. Did a surge in Q1 mean a corner has been turned?

First Eagle launches evergreen BDC

The public but non-listed vehicle plans to lend to borrowers with EBITDA of $5m-$50m.

Blackstone snares Fidelity’s APAC insurance head for regional buildout

Pierre-Emmanuel Brard’s hire is part of Blackstone’s global push to raise more capital from insurers, affiliate title PEI learns.

Freeport holds final close for Fund VI on $2bn

The direct lending fund beat its target by $200m and its predecessor by $300m in equity commitments.

Coller Capital completes $1.6bn LP-led transaction

The secondaries firm has bought interests in 44 senior direct lending funds from American National Insurance.

BC Partners Credit holds final close at $1.4bn

The third vintage of its special opps fund beat its predecessor and target with a high re-up rate.

Insurers take on more risk in infra debt as spreads narrow

How investors like Swiss Re and the UK’s Pension Insurance Corporation are adapting to this fast-maturing asset class.

How do LPs see the distressed opportunity set?

GPs observe opportunity in refinancing with attractive terms while LPs want to hedge macro risk.

Goldman Sachs: The great pivot for insurance investors

Executives at insurance companies with $14trn of assets prefer private debt, particularly investment grade credit, a new report found, and they see public debt as range bound.