Fund managers

Default interest rates under scrutiny

The enforceability of default interest clauses has long been a critical issue for lenders and investors in the private debt market. Donna Newman and Peter Sequeira of Stephenson Harwood examine the lessons from Houssein v London Credit.

Park Square raises €722m for European Loan Partners III

The fund is part of a joint venture with SMBC and aims to have €5bn of total deployable capital.

TPG holds $6.2bn final close on third special sits fund

The fund, launched in 2023, exceeded s $4.5bn target, and will focus on both public and private firms.

Monroe Capital launches its first perpetual-life, non-traded BDC for retail investors

MLEND will be available to clients of financial advisers through US-based RIA and broker-dealer networks

Sun Life’s private markets manager targets double AUM under Kalsi leadership

Private real estate veteran Sonny Kalsi is to lead a growth strategy for Sun Life Capital Management, which aims to see its assets under management double to $600bn within five years.

The stress test is just the beginning

With the first details of the BoE stress test now emerging, firms had better get ready for a surge in interest from regulators.

Bank of England confirms private market stability test details

The UK’s central bank has published details of its upcoming stress test of private credit markets and confirmed some of the firms taking part.

Why managers may struggle to cope with the demands of ABF

Recent bankruptcies have highlighted the need for extensive due diligence and, also, post-deal monitoring of risk in asset-based finance. Are relative newcomers to the space sufficiently equipped?

Arrow closes RE debt fund at €1.5bn

The firm has also received a further €2.7bn for its European opportunistic credit strategies.