Fundraising

The firm is raising two vehicles, which it says will benefit from ongoing transition in the real estate lending market.

Private debt appears to have a lot going for it, but LPs nonetheless have some concerns heading into 2024.

Private credit is making inroads in Asia but global investors need more convincing.

The firm is thought to have more than €1bn of capital to invest including leverage.

Tough market conditions, especially in Europe, saw fundraising struggle through the first nine months of the year.

Including dedicated investments totalling $750m, the fund met its $3bn target.

The final close of the firm’s latest venture debt fund is the first following its acquisition by BlackRock earlier this year.

The asset manager’s first vehicle dedicated to direct lending will target European mid-market companies.

Fund managers are celebrating their good fortune when it comes to new transactions, while also fearing what might lie ahead for their existing portfolios.

The evergreen fund will invest in a broad range of alternative credit strategies.