News & Analysis

L&G hires new CIO from Pension Insurance Corporation

Rob Groves joins the UK group to oversee its £93bn retirement annuity portfolio, which includes £22bn in private credit, as well as property and infrastructure.

Appetite for private credit remains strong among institutional investors

Market conditions are creating fear and loathing for some, but opportunity for others.

Wealth Club opens ‘private funds supermarket’

PDI spoke with the organisation’s founder and CEO Alex Davies about offering individual investors access to ‘opportunities that are just not available on the listed markets’.

Jirí Król: Private credit is not avoiding risk, it’s bearing it better

The asset class offers a vital channel to borrowers during periods of stress, argues the global head of the Alternative Credit Council.

LibreMax launches debut interval fund as hedge funds circle private credit

LibreMax Asset-Backed Income Fund targets asset-backed finance and traded structured credit opportunities.

Apollo holds $1.9bn final close for liquid credit fund

The manager’s deputy co-head of hybrid, Chris Lahoud, says the current moment is one of heightened volatility.

StepStone alums launch advisory shop to build customised portfolios for smaller LPs

Brey Jones and John McGuinness have formed Thirdpath, an advisory shop focused on constructing customised private equity and private credit portfolios for institutions.

Ares brushes off negative sentiment in Q1 earnings

CEO Michael Arougheti expressed confidence for future dealmaking as the effects of the Iran war normalise.

Lazard to expand in infra and credit with Campbell Lutyens acquisition

The $575m deal will create a specialised private capital advisory platform, Lazard CL, with Holcombe Green and Gordon Bajnai named as co-CEOs.