Fund managers

Italian private debt on the rise

Private debt is increasing its importance as a source of financing in Italy. Vieri Betti Guaraldi of Houlihan Lokey explains why.

BCI anchors Arini’s $1bn direct lending push

The Canada-based investor announced it will anchor Arini’s first direct lending fund alongside a substantial co-investment agreement.

Nuveen plots second Australian real estate debt fund after securing CPPIB commitment

Nuveen Real Estate has held a second close for the fund on around A$650m following the investment, with a final close due this year.

Pemberton opens New York office to tap US investors

The new office is accompanied by four senior hires aimed at getting North American investors to invest in European credit.

Continuation vehicles are rewarding creativity

The CV is coming to private credit. Instead of lengthy workouts at the end of funds’ lifetimes, managers can simplify fundraising and give investors extra yield

How to unlock the potential of ARR

Deals based on annual recurring revenues offer a way for lenders to tap into the early-stage growth market. Devon Martineaux and Andrew Miller of Valuation Research Corporation offer insights into how ARR deals work.

ABF may ease direct lending concerns

It remains to be seen how successfully direct lending can navigate current headwinds. LPs with heavy exposures may welcome the rise of asset-based finance.

Oaktree hires senior AIA exec to lead APAC insurance coverage

The US private debt manager continues the global buildout of its insurance team with a view to managing more assets for clients in that segment.

Arena closes third special opps fund with over $1bn

With co-investments and other capital, the manager has beaten its billion-dollar target for the flagship strategy.

Crestline closes $3.5bn direct lending fund

Borrowers include both sponsor and non-sponsor backed companies across North America.