Investors

Alaska Permanent could slow private credit pacing amid larger pullback

Staff suggests there is potential for stress in private credit, amid higher default rates and potential for higher PIK.

Pearl Diver partner: CLO tranches offer ‘something for everyone’

London-based manager’s new open-ended global interval fund focuses on synthetic risk transfer and capital relief.

Phoenix Financial invests $5bn in Blackstone alliance

Israeli firm leverages Blackstone’s origination capability, including corporate, real estate and asset-based credit strategies.

Positive signals are seeing lenders look ahead to next-gen retail

Spreads on newly originated retail loans were largely stable in the third quarter, according to Trepp research.

Mubadala and Barings form $500m global real estate debt venture

The Abu Dhabi sovereign investor and MassMutual will be channeling capital through the Charlotte-based manager for US, Europe and Asia-Pacific credit opportunities.

Structured credit push: Phoenix, other insurers build exposure as First Eagle mulls fund launches

The $3.3trn structured credit market’s appeal is rising for insurers, says Phoenix’s head of private markets and a forthcoming report from US manager First Eagle Investments.

Monroe Capital launches its first perpetual-life, non-traded BDC for retail investors

MLEND will be available to clients of financial advisers through US-based RIA and broker-dealer networks

NAIC eyes new framework for regulatory credit ratings

Effective 1 January, state insurance regulators will have more leeway to challenge credit ratings

Sun Life’s private markets manager targets double AUM under Kalsi leadership

Private real estate veteran Sonny Kalsi is to lead a growth strategy for Sun Life Capital Management, which aims to see its assets under management double to $600bn within five years.

Bank of England confirms private market stability test details

The UK’s central bank has published details of its upcoming stress test of private credit markets and confirmed some of the firms taking part.