Fundraising

The latest vehicle in Silver Point’s direct lending franchise, with leverage, was more than four times the size of its predecessor.

Alkali VI matches the size of its predecessor, drawing support from endowments, sovereign wealth funds and the firm’s own principals.

Make sure you get your nominations to us over the next four days to participate in the 2024 version of the Private Debt Investor annual awards.

The fund will continue the firm’s specialist focus on lending to B2B services and software companies.

The firm’s Q3 report shows private equity growth has been muted compared with other units of the business

Management fees and total inflows in Q3 were buoyed by growth in the credit unit.

Credit accounted for more than 80% of the manager’s deployment in the latest quarter.

Talent management, bank funding and the rise of artificial intelligence are just some of the issues that private debt players need to contemplate.

Gillam joins the firm from Goldman Sachs and will be responsible for growing its capabilities in senior direct lending.

The funds build off the two firms’ partnership, which was announced in May.