News & Analysis

Eldridge, Raymond James joint venture to offer private credit solutions

Insurance and investment manager teams up with M&A platform to offer private credit solutions to sponsor-backed companies.

Loan Note: Defaults remaining steady, KBRA finds; APAC LPs keen to allocate more to asset class

A ‘muted’ default situation is discovered by ratings agency KBRA; Singapore and Hong Kong investors keen to allocate to private debt; and the deadline is approaching for Women of Influence nominations.

What’s on the minds of European investors?

So much has changed in the private debt world over the last year or so, and Europe has its own particular set of challenges. Delegates at our Europe Summit this week tuned in to the key talking points.

Loan Note: The broadly syndicated fightback; debt funds register strong performance

Direct lenders are seeing more competition from the broadly syndicated loan market; debt funds have been seeing strong performance; and Brookfield forms partnership with Castlelake.

Benefit Street Partners closes special situations vehicle on $850m

Second vintage has already deployed 40% of capital, and early investments are putting up net IRRs of 25%, manager says.

Private debt secondaries take their place in the mainstream

A new survey suggests private debt secondaries have continued their ascent with more deals, stiffer competition and a wider group of participants

Ares raises over $17bn in Q1, with more than $14bn in the credit group

LA-based manager has a record amount of available capital, but sees dip in fundraising from Q4 2023.