Fund managers

German platform posts first close on debut direct lending fund

Frankfurt-based lending platform creditshelf has raised €62m, anchored by the European Investment Fund, as it seeks a final amount of €150m.

Pemberton’s Credit Opps II reaches €800m at first close – exclusive

The London-based pan-European manager has already made several investments from the fund, which has a final closing target of up to €2bn.

NPLs: Dislocation, dislocation, dislocation

The non-performing loan tinder box has been ‘set alight again’, according to Adrian Cloake of LCM Partners.

GIP raises $1.4bn for Spectrum debt fund as final close looms

The firm is on track to amass at least $3bn when it closes its two credit strategies this summer, which will invest in senior and mezzanine debt.

Apollo shifts Fund IX focus to distressed-for-control as PE portfolio plunges

Apollo’s private equity portfolio depreciated by 21.6%, with several vehicles across the platform facing clawbacks.

Brexit, BEPS and private debt: Seven trends in private fund domiciles

Looking to set up your next fund further away from home? A fund domicile expert shares some insight on the latest in cross-border private equity funds.

Blackstone racks up first quarter losses in credit business

After suffering the loss of GSO co-founder Bennett Goodman last year, Blackstone’s credit arm has also been hit by the coronavirus.

Private markets managers expect sharp fall in fundraising and distributions this year

While the overall outlook for 2020 is negative, there are sharp variations depending on manager strategy.

AlbaCore actively investing $750m for ‘dislocation’ strategy – exclusive

The UK manager has $1bn in its sights as it seeks opportunities across the public and private markets.

Signal reaches €700m at second close for special sits – exclusive

The London-based fund manager’s second fund, focused on asset-backed opportunities, has a final target of €850m with a cap of €1bn.