Fund managers

LCM nearing €4bn target for credit opportunities strategy

The fund manager has gathered pledges of €3.4bn and is hoping to reach a final close on at least €4bn by the end of June.

Apollo to focus on governance, reputational risk as Black steps aside

In a letter to LPs on Monday, Leon Black said the alternatives giant’s approach to reputation risk until now had been ‘conservative’.

Canada’s OMERS backs Singapore manager

Direct lender Orion Credit Capital Asia has joined forces with the institutional investor to target mid-market opportunities in the region.

Fidelity hires team for private credit

The large asset manager will assume management of a CLO fund that was launched by MeDirect and is planning other strategic moves in the asset class.

Oaktree targets £3bn of UK residential development lending with new venture

The US manager has backed the launch of a new lending business by former Man Group and Octopus Real Estate executives to capitalise on the UK’s residential financing gap.

Churchill partnership with Tikehau could signify a trend

The cross-border linkup represents the US manager’s first foray into Europe.

Fundraising is down but far from out

Last year was not great for managers seeking capital for private debt, but there are plenty of indicators that more fruitful times lie ahead.

Least compelling investments: How about US muni revenue bonds?

On the lookout for asset bubbles, Dan Zwirn of Arena Investors finds one part of the market characterised by potentially troubling dynamics.

Kennedy Lewis raises over $2bn, more than double its target

The New York-based firm’s second multi-strategy credit fund is more than 45% invested, Private Debt Investor has learned.

This time it really was different

Timeframes for taking advantage of dislocation opportunities following crises have compressed, according to David Allen of AlbaCore Capital Group. Those who reacted fastest after the initial wave of the pandemic were rewarded most.