The $52 billion Pennsylvania pension plan is making new commitments to the Avenue Special Situations fund and the OWS Credit Opportunity fund, while also drafting a high-yield separate account with TPG.
3 min read · 07 October 2015
The $2.9 billion pension plan plans to place $40 million with an opportunistic credit manager and allocate $20 million to a direct lending mandate.
2 min read · 05 October 2015
Mike Anderson, with 14 years’ of experience in private debt, has left ICG to become Pemberton’s new head of investor relations.
2 min read · 02 October 2015
Significant fund closes in the third quarter drive growth in the year-to-date fundraising tally, which already exceeds the full-year 2014 total.
2 min read · 01 October 2015
LPs and GPs at the second annual Private Debt Investor Forum in New York agreed that private debt is increasingly becoming a permanent part of institutional portfolios. Now it’s time to get to work on the details of how it works and where the risks lie.
3 min read · 01 October 2015
The European Commission has proposed a new framework for securitisation as well as new legislation to reduce capital charges for certain infrastructure and fund investments.
2 min read · 30 September 2015
Frank McCourt-backed MGG Investment Group has enlisted the help of a placement agent to raise its first fund and has added a number of senior staff.
2 min read · 28 September 2015
The US alternative investment firm is targeting $750 million for its new real estate debt fund.
2 min read · 28 September 2015
Cerberus has found itself bogged down in claims of a corrupt payment to ‘fixers’ working on its $1.2bn loan portfolio purchase in Northern Ireland. The political storm should be a warning to investors who see Europe as a risk-light jurisdiction.
2 min read · 25 September 2015
The move to approve AIFMD-compliant loan funds puts European managers at an advantage over non-European ones.
3 min read · 24 September 2015
