News & Analysis

Oaktree raises $16bn for largest ever distressed debt fund

The fund misses its target by $2bn but still counts as the firm’s largest ever fundraise.

The expanding role of private debt in upstream energy

There is a major opportunity for investors prepared to take the time to understand the industry, says Steve Hendrickson of Ralph E Davis Associates.

Fitch: 2024 a record year for leveraged loans, but not for mergers and LBOs

The M&A slog, interest costs and conflicts over valuations created the uneven dynamic.

Arctos-backed Hayfin MBO represents ‘trillion-dollar’ opportunity

There are countless private markets firms that need a partner to help them grow in an era of scare alpha and capital, says Arctos managing partner Ian Charles.

Moody’s flags lack of standards in loan covenants

Ratings agency raises concerns about inconsistencies over leverage and portability rights.

Behind NJDOI’s $900m debt commitments

The pension fund allocated to SMAs and co-investments in distressed and senior direct lending.

Nest looks to boost private markets exposure with IFM stake

The UK pension plans to deploy around £5bn by 2030, investing in infrastructure, debt and private equity, through IFM.

Blurred asset class lines that challenge LPs

Apollo’s results announcement this week gave hints of further definitional challenges as private debt expands into new areas.