Fund managers

Apollo lays $4bn pipeline for NAV loans

The mega-sponsor is planning originations in the coming months, primarily in the buyouts space.

Fortress acquires $1bn office loan portfolio from Capital One

Private credit manager picks up substantial exposure to New York City offices in the deal.

Blackstone tactical opportunities fund closes at a record

Including other single-investor vehicles, the vintage is expected to have nearly $10bn of new capital.

Former Bain Capital executive to launch credit fund business

Sean Tarrant, who was head of portfolio finance at Bain Capital Credit, registered Atlas Capital Partners in the UK last week.

Why aiming small has its advantages

Could lower-market strategies offer a more fertile hunting ground for credit managers in an increasingly competitive market? Prime Lead Partners’ Viral Patel considers the evidence.

Report: Oaktree has $18bn target for new opportunistic fund

Oaktree Opportunistic Fund XII may become the largest private debt fund ever, and a sign of the times.

Blackstone closes on $7.1bn energy transition fund

Largest-ever energy transition private credit fund hits its hard-cap and surpasses $6bn target.

Fund interest ABS space hit by tough exit climate: Fitch

The ratings agency’s report finds distributions for notes backed by fund stakes fell due to decline in deals.

KKR buys $373m portfolio from Synovus Bank 

The purchase of prime auto loans is part of the asset manager’s broader push into ABF, KKR’s Pietrzak says.

The fundamentals are holding up

A second survey has backed up an existing one in identifying a declining private debt default rate. The omens for portfolio company performance are promising.