Fund managers

CalSTRS invests $200m in Kennedy Lewis

The seed capital will support the manager’s non-traded, perpetual BDC, among other investments focused on the non-sponsored market.

Self-regulation under the microscope

The overturning of a plan to increase SEC oversight leaves private debt continuing to attract scrutiny from a wide range of organisations – including LPs.

TPG Next backs fledgling real estate credit shop

The fund has seeded a just-launched private debt strategy from an industry veteran.

Oak Hill, One IM launch European private credit partnership

The partnership has $5bn in investable capital, and follows Oak Hill’s launch of a $1.5bn perpetual BDC.

Why lenders have a sporting chance

Traditionally a happy hunting ground for equity, the sports sector is now opening up to non-bank lending as well. Aaron Kless of Andalusian Credit Partners explains why the potential is huge.

Private debt’s question of alignment

Whether managers in the asset class are sufficiently incentivised has become a point of contention.

Blackstone hires Dickson to lead client relations

The former global head of investment banking at Citi will head a new group within the Credit & Insurance platform.

Oaktree: Loan managers needn’t fear extending maturities

Media warnings of a pending ‘wild west’ of defaults are overdone, portfolio managers say.

Polestar receives €43m for circular debt strategy

A new round of fundraising brings total deployable capital for the fund to €240m to back innovative sustainability businesses in the Netherlands.

Goldman’s Hope: there is a huge illiquidity quotient in private real estate

On the back of the firm’s $3.4bn raise for its latest real estate secondaries fund, Harold Hope, global head of Goldman Sachs’s Vintage group, says a major repricing of assets is presenting more attractive entry points for buyers.