Fund managers

The firm secured its largest fundraise to date to provide credit to early stage and growth businesses.

Continuation vehicles backed by Pantheon will acquire a total of roughly $2bn of private credit investments.

Despite reaching AUM of $50bn, appetite has not been satisfied for collateralised loan obligations – and retailisation is causing the source of that demand to shift to a wider market.

Despite discussions of declining investor demand for liquidity, both funds saw requests for double-digit amounts of shares to be tendered

The firm’s third vintage in its Asia credit strategy is thought to be targeting $1bn.

Our annual ranking of private credit’s biggest fundraisers also shows capital raising increasing overall – and rising especially fast for the largest fund managers.

Hysteria in the business development company market has given way to a calmer search for liquidity options.

The firm’s debut credit fund combines a senior secured risk profile with a PE-like value creation thesis, managing partner Ming Eng tells PEI Private Credit.

Our PEI Private Credit 200 ranking shows capital raising increasing overall – and accelerating especially fast for the largest fund managers.

The partnership – also comprising CVC, Goldman Sachs, Prudential Financial and MS&AD – will initially originate up to £2bn of assets over five years. It means Standard Life could acquire defined benefit schemes as large as £25bn, says interim CIO Nuwan Goonetilleke.