Fund managers

KBRA speaks of lender resilience in three reports

Companies with direct tariff exposure – those that must buy from global sources hit by tariffs – are the obvious candidates for debt default.

Ares names a new co-head of Europe alternative credit

Sehayek succeeds Applebaum, who is no longer with the asset manager; Questa remains the other co-head.

Fundraising’s fragile green shoots

Investor sentiment around private debt has proved determinedly positive, but funds have been finding the capital-raising environment tough. Did a surge in Q1 mean a corner has been turned?

Crescent closes European lending fund on €3bn

The fund closed ahead of target, citing strong demand for European lending from investors.

First Eagle launches evergreen BDC

The public but non-listed vehicle plans to lend to borrowers with EBITDA of $5m-$50m.

Trump tariffs an opportunity for credit funds – Hayfin

A new trade tariff regime in the US is likely to create more opportunities for credit managers to offer reliable capital to sponsors.

Too many boats in the sea, not enough fish in the ocean

In a world of hyper-efficient deal processes, differentiating yourself through proprietary dealflow is becoming more and more difficult, maintains Charlie Perer of SG Credit Partners.

Freeport holds final close for Fund VI on $2bn

The direct lending fund beat its target by $200m and its predecessor by $300m in equity commitments.

Ex-JPMorgan, PIMCO veterans launch private debt manager

The US start-up Firebrand Investors has senior management in place and is working to build out its investment team, Private Debt Investor has learned.

Signs hint at emerging distress

There are growing indications of a new cycle in the credit market as pressure on borrowers grows and default rates rise.