News & Analysis

Manager expresses caution on tariffs, but notes private credit accounted for half of inflows.

The fund seeks to monetise assets independently of a borrower’s overall performance.

The tariffs turmoil is exacerbating the trends and challenges facing private markets, creating a ‘fantastic time for secondaries’, says XIG global head Michael Brandmeyer.

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

Private debt on the radar as LACERS seeks opportunity. Plus: LSTA measures the size of the asset class; and GCM Grosvenor links up with real estate investment firm.

The firm is aiming to raise as much as €700m in the next two years for its first dedicated credit strategy.

Sehayek succeeds Applebaum, who is no longer with the asset manager; Questa remains the other co-head.

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.

The German asset manager, with around €18.5bn in private credit assets, will lose Desmond Ng in the summer.