Deals

Ares closes second junior capital fund at $5.1bn

The direct lending fund surpassed its $4bn target by $1.1bn.

Safe and steady may not suffice as inflation bites

At a Private Debt Investor event, a family office shared its experiences of pursuing private equity-like returns from a private debt strategy.

Vista holds final close on third credit fund at $2.3bn

The credit fund’s close exceeded the $1.5bn target by $800m and will target areas including non-sponsored lending

Is distressed debt an old-fashioned notion?

Traditional cycles may be a thing of the past – what matters is having the skills to take advantage of challenging situations.

White Oak acquires Finacity following Greensill bankruptcy

The alternative asset manager bought the firm through a ‘complex structured acquisition.’

Private credit should escape Evergrande fallout

Were the Chinese property developer to default, it would be the high-yield market in the immediate firing line.

Leveraged loans hit record of nearly $1.3trn in August

With high-yield bonds added, the leveraged finance market tops $3trn for the first time ever.

Europe sets Q2 record for deal volumes as economic recovery gathers pace

Increased interest in businesses services deals and appetite for ESG-linked loans were major drivers of transactions in Q2 2021.