Investors

Early analysis of fundraising figures indicate a significantly slower start to 2026 than in previous years.

The local government pension pool, with an asset portfolio set to expand to £110bn, has completed its alternatives leadership team, Private Debt Investor has learned.

Alternative managers that sponsor structured finance JVs are using their minority stakes to bring investment grade debt to investors.

Runs draw down political capital, as examiners step up focus on disclosures, possible conflicts and valuation of funds.

The UK insurer, formerly Phoenix Group, is also seeking a new CIO and has reported 8.6% year-on-year growth of its asset portfolio to £317bn.

Major allocators suggest at Milken Institute event that private credit fund managers have “pendulum swinging back” to them after inflows from alternative capital sources

How the country’s updated auction rules are starting to shape intercreditor dynamics, enforcement strategies and loss-given-default assumptions in deals involving German collateral. By Dagmar Gold of Deutsche Pfandverwertung

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

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