Fund managers

If the customer/employee management platform defaults, more than $5bn of equity value would be at risk of being erased, report says.

Lenders are starting to use SLLs for more than just operational improvements.

Singapore-based partner Audrey The sees fast growth in the investment advisory firm’s wealthy client base in Asia and a continued rise in new allocations to private credit.

The Chicago-based manager beat its target fundraise, deploying 30% of the fund’s commitments as of the final close.

JPMorgan cuts exposure to the publicly traded BDC after downgrades and stock price dive.

According to some, the future is at stake (and perhaps be worried if your firm name begins with ‘B’), but there is little in the way of evidence that private credit faces a crisis that spans the entire asset class.

While the vibe at the PDI Europe Summit was largely positive, there are concerns over the asset class, though they’re not the ones currently getting most attention.

The strategy that sits between debt and equity is seeing increasing demand from investors.

Global headlines around US private credit have prompted many investors to ‘look more carefully’ at different market structures, managing director Yasuyuki Fujita tells PDI.

NPS, through a partnership with Townsend, will take its stake in the Australian private debt GP to 9.9 percent, with Pinnacle increasing its share to 35 percent.