News & Analysis

Contra Costa introduces new real estate debt allocation 

The $11bn pension fund will be launching searches for managers imminently.

KBRA adds three senior level hires

Ratings outfit expands its private credit team to beef up its practice.

Loan Note: AXA IM Alts to acquire mid-market manager Capza; European loans outperforming comparators

AXA IM Alts’ acquisition of Capza is the latest example of private debt consolidation. Plus: Alcentra finds European loans are outperforming; and HSBC launches two new private debt strategies.

Private debt allocation jumps to 3% for Chicago Teachers’ fund

The fund is on the hunt for managers as it begins to implement its 10-year investment plan

Park Square closes European lending fund at €3.4bn

The fund is backed by a joint venture between Park Square and Sumitomo Mutsui Banking Corporation.

The uphill battle to revive the deal market

The M&A market is proving sluggish, meaning credit funds reliant on the private equity-sponsored arena are facing a challenge. Creativity is the way to respond.

Loan Note: Clearlake adds MV Credit to stable; Morgan Stanley reaches $1bn for junior debt

The US’s Clearlake Capital expands in Europe through MV Capital purchase. Plus: Morgan Stanley has fundraising success with junior debt fund; and a shuffle at the top at Comvest Partners.

AlllianzGI raises €560m for impact credit strategy

The firm has seen appetite for its first developed markets impact credit fund from pensions and insurers, head of impact strategy Diane Mak told New Private Markets.