News & Analysis

Voting opens for our 2025 Women of Influence in Private Markets. Plus: Sculptor beats fund target; and China’s private debt decline set to continue.

The funds join a growing list of credit funds seeking to tap the sizeable market for individual investors

Major private markets allocator with $211bn in assets introduces framework for portfolio with direct lending, opportunistic and distressed strategies

Pensions taking stock of recent private credit investments view allocation upticks as an obvious course of action, despite having questions about the impact of defaults and credit quality.

Flannery, who took over leadership of Vista’s credit platform in 2018, will be succeeded by two co-heads: Greg Galligan and Pete Fisher.

Investors believe uncertainty caused by US President Donald Trump’s tariff policies could postpone a thaw in exit markets, compounding existing fundraising challenges.

Despite the lack of deal volume and build-up of dry powder in the sector, there remain parts of the market where borrowing needs are not being met.

Some LPs say they haven’t made the move yet, but a large fundraise implies many already have.