Fund managers

Oaktree raises $16bn for largest ever distressed debt fund

The fund misses its target by $2bn but still counts as the firm’s largest ever fundraise.

The expanding role of private debt in upstream energy

There is a major opportunity for investors prepared to take the time to understand the industry, says Steve Hendrickson of Ralph E Davis Associates.

Arctos-backed Hayfin MBO represents ‘trillion-dollar’ opportunity

There are countless private markets firms that need a partner to help them grow in an era of scare alpha and capital, says Arctos managing partner Ian Charles.

Moody’s flags lack of standards in loan covenants

Ratings agency raises concerns about inconsistencies over leverage and portability rights.

Ares reports record fundraising and makes leadership changes

Firm names Kipp deVeer and Blair Jacobson co-presidents as it sees record demand for credit investments.

Manulife secondaries co-heads to depart the firm

Paul Sanabria and Jeff Hammer joined the asset management unit of Canada’s largest insurer in 2019 and have overseen its debut GP-led fundraise.

Public-private convergence of alts is key in Apollo’s 2024 report

Private credit dominated inflows, while the firm raised $12bn from high-net-worth individuals.

Balbec holds final close on $1.7bn distressed ABF fund

Manager raises its largest-ever fund, which will focus on asset-based investments.

Blackstone beats expectations, lauds private credit ‘juggernaut’

COO Gray says Blackstone’s non-investment-grade and real estate credit earned ‘extraordinary results’ amid robust investor interest.

AXA raises record €4bn for global property debt strategy

The firm’s global debt platform has raised more capital than all other European-focused debt funds combined in the past 12 months.