Fundraising

The firms have re-upped for Nuveen’s latest fund, with CPP’s head of APAC credit Raymond Chan citing ‘attractive opportunities’ in the Australian market.

The evergreen fund will be available to both institutions and private wealth investors.

Manabu Fujita, the UK asset manager’s most senior fundraising executive in Japan, is moving on after some three years, PEI Private Credit has learned.

Oaktree’s inaugural, closed-end asset-based finance fund will focus on capital solutions to a broad spectrum of originators, including equipment leasing, consumer and infrastructure.

The $5.4bn equity commitments beat the target, but the balance comes from leverage, related vehicles and a GP investment.

The average time spend fundraising for credit fund strategies has generally risen during the 2020s.

Private markets fundraising conditions are tightening, but managers with a track record can still attract investors to property credit.

Optimism has not been eroded in an asset class facing both scare stories and genuine challenges.

A recent note from the FCA highlighted both the rapid growth of the asset class and various areas of concern.