Investors

Saba Capital to expand second-hand liquidity platform for BDCs, interval funds

The hedge fund and activist investor says it will target public and private BDCs at 30% or more discounts to NAV.

Moody’s analysts discuss their outlook downgrade for BDCs

Four factors weigh on the sector: leverage, redemptions, asset quality and the risk of obsolescence by AI.

Standard Life targets first CLO deal amid structured credit push

The UK insurer is talking to managers of collateralised loan obligations as it eyes new areas of private debt. It’s also active in fund finance.

Blackstone’s Gray: Negative news doesn’t invalidate semi-liquid structure

The firm’s chief operating officer told a Moody’s conference, however, that ‘if you need the money to live on, it’s not appropriate’.

Japanese LPs find credit secondaries a challenging prospect

‘Asymmetry’ of information and lack of look-through are preventing some investors from participating, according to speakers at the Private Debt Investor Tokyo Forum.

Investor mindsets diverge

While the retail investor flight from private credit garners the majority of coverage, institutions are staying put.

Secondaries fundraising maintains momentum in 2026

The proportion of capital raised by secondaries funds in Q1 has exceeded that seen in 2025.

Ex-Nuveen APAC chief builds new investment firm, eyes GPs

Simon England-Brammer’s new venture, which has been quietly establishing a track record and client base, is open to investing in private credit and private equity via asset managers.

Standard Life merger with Aegon UK is ‘good news for bigger GPs’

The deal, which will form a life and pensions giant with a £480bn-odd asset portfolio, reflects the trend for consolidation among both LPs and managers.