Fund managers

Mike Jones, managing director and head of Australia private credit at PGIM, says that growth has slowed somewhat as the country’s big banks remain active, with patience vital.

The deal will make Ares’s private markets products available to a wider range of wealth managers.

The top three exposures in the publicly traded technology BDC are software, software apps and healthtech.

Blackstone, facing 10% redemption requests, adds to the recent spate of redemption limits from BDCs as outflows rise.

The strategy involves investing in private equity-backed deals originated by HSBC’s UK banking arm.

The fourth vintage lower mid-market fund, the manager’s largest ever, raised more than $5.5bn of equity.

This week’s publication of our latest fund performance data was a reminder that strong returns can be made in troubled times.

Although AI disruption and other threats remain increasingly relevant, Houlihan Lokey data shows resilient portfolio dynamics.

The fund’s strategy also raised substantial capital from private wealth investors.

The US asset manager has shaken up its insurance team leadership after acquiring rival PineBridge, with its international solutions head departing.