Fund managers

Cliffwater, Morgan Stanley cap redemptions as liquidity requests rise

Cliffwater and Morgan Stanley seek to reassure investors over the health of their funds’ portfolios, while JPMorgan limits lending activity to credit funds.

The AI route to improved underwriting

Traditional metrics may be usurped by new technology, a report suggests.

Eagle Point holds $559m final close on third ‘defensive income fund’

Eagle Point’s latest closed fund invests in the debt securities issued by BDCs, credit funds and mortgage REITs.

BDC redemptions – déjà vu all over again

We’ve seen this movie before, but that was before private credit became a household term.

AlbaCore and MUFG team up for infrastructure debt platform

The deal will see the two firms work together with support and seed investment from Mitsubishi UFJ Trust Bank to provide two infrastructure credit strategies to global investors.

Investors pull $3.7bn from Blackstone evergreen

BCRED lifted its 5% redemption limit to 7% of assets.

New York Life and Candriam acquire majority stake in Kartesia

The deal sees the existing minority shareholder take 80% of the European private credit business.

Ares loses Asia credit fundraising lead

The head of Asia product management and investor relations at the $623bn private market GP is moving on, Private Debt Investor has learned.

BNP Paribas: ‘Alternative” evergreen structures attract institutional investors

Run-off evergreens and rolling vintage umbrella funds are giving LPs more flexibility than traditional closed-end drawdown funds.

Fairfax times the cycle with a bet on a manager intent on scaling its credit business

Kennedy Wilson has steadily built its real estate debt platform alongside its global equity presence ahead of its privatisation by the Canadian insurer.