Fund managers

Fidelity Private Credit Fund breaks escrow, begins operations

Fidelity’s first BDC has begun operations and will direct lend to mid- and upper-mid-market private companies.

Why secondaries are in the spotlight

Up until now a nascent part of the investment universe, the tide appears to be turning for the private credit secondaries market.

HPS closes on $17bn junior capital fund

The fund, which exceeded its $9.5bn equity target, has invested approximately $6bn in subordinated debt in 24 investments.

Reflections on Singapore’s key talking points

Last week saw the Fairmont Singapore play host to our 2023 APAC Forum, with a record number of delegates keen to discuss the growth of private debt in the region.

Applied Real Intelligence holds first close on venture debt fund

Fund’s first close may be a sign that venture debt activity has survived the seizure of Silicon Valley Bank.

Blackstone faces refinancing challenge over five Italian retail loans, analysts warn 

The US manager says it is on track to meet repayments, despite rating agency warnings about the impact of market conditions.

Routine fund extension request leads to drama at Marin County pension meeting

Abbott Capital is looking for an extension for its 2008 flagship fund of funds and is encountering resistance from LPs contending with slowing cashflows and valuation uncertainty.

Hercules Adviser hopes to fill venture debt void

The subsidiary of Hercules Capital has formed a new private credit lending programme following the failure of Silicon Valley Bank, which was a lender and banker to about half of the VC-backed tech and life sciences start-ups in the US.

Off to Singapore, with high hopes

The future of Asia-Pacific private debt will be under discussion next week as we mingle with industry leaders at our APAC Forum. There appears to be room for optimism.

Arrow closes second credit opps fund on €2.75bn hard-cap

The firm raised its second fund in just eight months with an almost 100% re-up rate among existing investors.