Fund managers

17Capital closes NAV lending fund with $7.5bn

The firm said its second NAV loan fund is set to benefit from increased demand from private equity firms seeking flexibility.

BCRED issues CLO following redemptions, turbulence in NAV

The CLO issuance is routine but comes after a 0.4% decline in February, the BDC’s first monthly loss in three years.

Liquidity seekers might just need a different vehicle

While there appears to be investor support for greater convergence of public and private debt, fund structuring issues need to be resolved.

Arrow Global launches insurance business

The speciality insurance business will look to exploit opportunities in underserved markets requiring complex risk solutions.

Ares, Apollo cap semi-liquid redemptions at 5%, FS KKR downgraded

Apollo and Ares’ funds join a growing list of funds enforcing redemption limits, seeking to avoid downgrades.

JPMorgan fuels fears of wider bank retreat

Private credit funds risk having fewer options for liquidity than before if other banks follow the Wall Street mainstay’s lead.

SMBC Private Markets hires Stride to lead EMEA market push

SMBC has appointed Louis Stride to lead its EMEA private markets capital formation business amid a wider strategic plan.

Q1 fundraising could fall flat

Early analysis of fundraising figures indicate a significantly slower start to 2026 than in previous years.

Apollo credit funds moving towards monthly NAV reports

Executive outlines an approach to investor jitters involving real-time marks and, beyond that, the use of third-party valuations/modeling.

Germany’s clarified framework for enforcement and recoveries

How the country’s updated auction rules are starting to shape intercreditor dynamics, enforcement strategies and loss-given-default assumptions in deals involving German collateral. By Dagmar Gold of Deutsche Pfandverwertung