Fund managers

Fearless Fund settlement has firms re-evaluating DE&I platforms

GP and investors may be skittish about racial investment mandates even after the dismissal of a lawsuit claiming that investment programmes targeting underrepresented entrepreneurs represents racial discrimination.

Silver Point holds final close on $4.6bn credit fund

Opportunistic vehicle nearly triples the size of its precursor, and will invest in cyclically driven dislocations.

Eiffel closes impact-through-ESG debt fund on €777m

Eiffel Impact Debt II uses ESG levers to encourage sustainability improvements and is one of the largest-ever ‘impact’ debt funds; strategy head Antoine Maspétiol tells affiliate New Private Markets how Eiffel navigated the ‘tough’ fundraising environment.

KKR identifies potential $300bn credit gap as banks scale back lending

Alternative lenders and the commercial mortgage-backed securities market could help plug the gap, per a report released this week.

Sound Point Capital closes fund on $1.2bn

Manager’s third direct lending fund nets the strategy’s largest capital commitment and exceeds an internal target.

Fitch wades into rating NAV loans

Agency publishes criteria for NAVs backed by LP secondaries interests, with plans to rate other NAV types down the road.

AlllianzGI raises €560m for impact credit strategy

The firm has seen appetite for its first developed markets impact credit fund from pensions and insurers, head of impact strategy Diane Mak told New Private Markets.

Private wealth is a ‘battleground’ as distributors add fewer firms – Partners Group

The strategy is the firm’s fastest growing unit from a headcount perspective, according to chief executive David Layton.

Private credit in Asia: The end of the Golden Age?

Credit is a huge market overall in Asia-Pacific but private debt represents only a small proportion. Andrew Schantz of Bain Capital outlines the opportunity ahead.

Credit secondaries remains hot as Coller steps up on $1.6bn GP-led

Abry Partners’ move to seed a new private credit strategy via a continuation fund marks the latest credit secondaries deal used to kick start a new business line.