News & Analysis

KKR, Capital Group file for joint public-private credit funds

The funds build off the two firms’ partnership, which was announced in May.

Private debt transactions surge as M&A market reopens

Transaction volumes reach their highest level in Europe despite terms becoming more conservative.

Arena Investors and CC Capital to launch insurance and management platform

The two firms have partnered to create Ceres Life Insurance and integrate it with asset management under Westaim’s corporate roof.

Loan Note: AustralianSuper hires valuation pros; Cliffwater study looks at private debt risk/return

AustralianSuper hires for valuation. Plus: Cliffwater maintains that private debt offers good return for risk taken; and Stifel launches a new fund for tech firms in the US.

IMF raises concerns on private debt valuations and PIK income

Payment-in-kind income as percentage of BDC interest and dividend has risen since 2021.

Asset-backed finance, insurance power KKR’s credit division in Q3

Co-CEO Scott Nuttall sees ABF as a potentially $5trn-plus market for lenders.

KBRA sees a tension in the rating of feeder funds

New report from rater surveys the key legal features observed in rated transactions.