Investors

Conflict of interest concern: Valuation of a loan by the borrower

Valuations of Blue Owl’s BDC’s portfolio provided by Kroll have raised concern given Kroll’s close connection to Deerfield, a borrower from those BDCs.

Cliffwater, Morgan Stanley cap redemptions as liquidity requests rise

Cliffwater and Morgan Stanley seek to reassure investors over the health of their funds’ portfolios, while JPMorgan limits lending activity to credit funds.

The AI route to improved underwriting

Traditional metrics may be usurped by new technology, a report suggests.

Eagle Point holds $559m final close on third ‘defensive income fund’

Eagle Point’s latest closed fund invests in the debt securities issued by BDCs, credit funds and mortgage REITs.

Cliffwater CIO: Time to reconsider NAV ‘squeezing’ in secondaries

The asset manager’s investment chief cites ‘weird time arbitrage’ that the practice causes for evergreen investors who buy into vehicles at similar points.

Aspen Insurance CIO Aileen Mathieson departs

Her departure from the Bermuda-based speciality insurance firm, which has a $6.9bn investment portfolio, follows its recent takeover by Japanese insurer Sompo.

BlackRock limits redemptions in non-listed BDC

Redemption requests in HPS Corporate Lending Fund exceeded the usual limit by more than 4 percentage points.

LA Fire & Police content to continue measured deployment pace into private credit

A California pension with about $37bn is shy of a 3% target for private credit, with a 1% actual allocation.

BDC redemptions – déjà vu all over again

We’ve seen this movie before, but that was before private credit became a household term.

AlbaCore and MUFG team up for infrastructure debt platform

The deal will see the two firms work together with support and seed investment from Mitsubishi UFJ Trust Bank to provide two infrastructure credit strategies to global investors.