News & Analysis

Despite reaching AUM of $50bn, appetite has not been satisfied for collateralised loan obligations – and retailisation is causing the source of that demand to shift to a wider market.

Despite discussions of declining investor demand for liquidity, both funds saw requests for double-digit amounts of shares to be tendered

The firm’s third vintage in its Asia credit strategy is thought to be targeting $1bn.

Apollo’s $9bn minority equity deal with gas company Oneok may well divert more attention to these kinds of arrangements.

In today’s edition, Blue Owl opens window for BDC tender offer. Plus: Carlyle backs storied US racetrack; and CFA Institute calls for better retail regulations in private credit. Here’s today’s brief for our valued subscribers only.

The manager, which operates in the lower mid-market, in early June wrapped up one of the year’s stand-out private credit fundraisings to date.

Endowments and foundations using outsourced investment offices increasingly view GP-led secondaries as a way to deploy capital more quickly into private markets, prioritising performance opportunities over liquidity concerns.

Despite record-breaking H1 fundraising activity, infrastructure and real estate credit funds are largely absent from the total.

Research points more towards idiosyncratic stress in particular borrowers and market segments than broad deterioration across portfolios, says the global head of the Alternative Credit Council.

Managers are looking to where there’s an apparent need for capital, including opportunistic credit.