Fund managers

Churchill launches capital solutions strategy: Noah Charney to lead

Manager anticipates an exclusively PE-sponsored, mid-market portfolio of high-quality companies that need some extra support.

SEC zeroes in on private funds valuations

Examiners ask about funds by name in opening requests. Enforcement has picked up the scent, too, Private Funds CFO has learned.

Fund DPIs down from post GFC heyday

Median fund DPI has declined since the early days of private credit, according to PEI Group data.

Hercules reports record $2.7bn originations in H1

Amid general decline in originations, tech lender’s CEO credits firm’s relationships, discipline and support for its growth borrowers.

Hamilton Lane: ‘Evergreen hesitancy only temporary’

Some investors have been ‘housing capital’ in evergreens before redeeming to fund a Hamilton Lane SMA, co-chief Erik Hirsch said on a Tuesday earnings call.

Pantheon backs BlackRock BDC’s credit CV

The new vehicle will house over $500m of debt positions held by TCPC, with pricing coming in at 95% of gross fair value as of 31 December 2025.

The dangers of being dogmatic about PIK

While some consider payment-in-kind’s origin to be a determinant of eventual outcomes, there are pitfalls in the prevailing logic.

Carlyle realisations drives strong earnings quarter

The firm’s US buyout strategy distributed capital at more than double the industry rate, chief executive Harvey Schwartz noted on the firm’s latest results call.

Apollo’s capital solutions business drives record fees in Q2

New York-based manager’s origination machine has grown AUM by 25% in one year to $1.05trn.

Manulife I Comvest closes direct lending fund on $5.4bn

The seventh vintage of the North American senior debt fund more than doubled its target