Investors

‘Secular change’ tough for some but the outlook’s bright

Given the shock of the new rate environment, some borrowers will experience problems, according to Howard Marks. He thinks talk of systemic risk is exaggerated though.

GoldenTree closes debut private credit fund

Commitments total $1.35bn, including $50m from partners and employees.

Blackstone’s Gray sees ‘structural changes’ in credit

Gray tells PEI Group’s NEXUS conference that corporate and real estate debt are the fastest growing assets of the firm.

Signs of hope following Asia-Pacific’s fundraising struggles

As the Middle East grows in significance as a source of capital, and travel continues its post-covid revival, Asia-based GPs are hoping they can find backing for the region’s big investment themes.

Blackstone partners with Barclays in consumer credit deal

Barclays sells $1.1bn in credit card debt to Blackstone’s asset-based finance group in latest deal to reduce risk assets.

ILPA’s Prunier says ‘vast majority’ of LPs don’t support using NAV loans

ILPA representative cites transparency and uses as issues at the Fund Finance Association’s Global Symposium in Miami. But the growing market for NAV loans has its staunch defenders, who often point to the fact that most of the facilities are used for value-additive, late-stage acquisitions.

Regulators keep private debt on the straight and narrow

AIFMD II lays down some practical challenges for private debt fund managers. There may be a lot more of this type of intervention in future.

SBTi validation is becoming a must have

The initiative’s applicability to both GP and portfolio companies means it is emerging as a ‘gold standard’ in private markets.

The numbers are good, but not the whole story

It’s a rewarding time to be invested in private debt, but no one should get too carried away by the hype around the asset class.

Hamilton Lane to raise first RMB secondaries fund

The RMB fund targets Chinese LPs and aims to hold its first close this year.