Investors

Private debt is viewed as a relatively safe asset class in times of turmoil, but not all LPs are entirely sold on its merits.

Contrary to a report in the Financial Times earlier in the week stating that the turmoil is spurring large institutional investors to explore selling out of private market positions, most LPs are not likely to make such reactionary decisions to sell at steep discounts.

Investor sentiment around private debt has proved determinedly positive, but funds have been finding the capital-raising environment tough. Did a surge in Q1 mean a corner has been turned?

The public but non-listed vehicle plans to lend to borrowers with EBITDA of $5m-$50m.

Pierre-Emmanuel Brard’s hire is part of Blackstone’s global push to raise more capital from insurers, affiliate title PEI learns.

The direct lending fund beat its target by $200m and its predecessor by $300m in equity commitments.

How investors like Swiss Re and the UK’s Pension Insurance Corporation are adapting to this fast-maturing asset class.

GPs observe opportunity in refinancing with attractive terms while LPs want to hedge macro risk.

Fundraising for Asia-Pacific has been extremely challenging over the past two years, but the foundations for long-term growth are strong.

The transaction is Fortitude’s sixth in Japan, and brings its originations to $8bn in 2025.