News & Analysis

Distress will be felt beyond ‘the epicentre of the earthquake’

KKR global real estate head Ralph Rosenberg expects capital constraints to also cause pain for owners outside of the office sector.

Apollo lays $4bn pipeline for NAV loans

The mega-sponsor is planning originations in the coming months, primarily in the buyouts space.

Firms invest in platform to democratise private credit deals

Tradable, Victory Park Capital and Spring Labs ally to break down a silo.

Fortress acquires $1bn office loan portfolio from Capital One

Private credit manager picks up substantial exposure to New York City offices in the deal.

Blackstone tactical opportunities fund closes at a record

Including other single-investor vehicles, the vintage is expected to have nearly $10bn of new capital.

Former Bain Capital executive to launch credit fund business

Sean Tarrant, who was head of portfolio finance at Bain Capital Credit, registered Atlas Capital Partners in the UK last week.

Loan Note: Welcome to PDI’s new fund performance features; BDCs cushioned against adverse forces

An introduction to Private Debt Investor’s performance benchmarks. Plus: why BDCs are protected against economic challenges; and new deals struck by Hidden River and Blazehill. Here’s today’s brief for our valued subscribers only.

Hayfin closes fourth direct lending fund at over €6bn

The fund is the firm’s largest to date and hopes to take advantage of reduced appetite among banks to support leveraged financings.

Balbec secures $465m for sixth fund

The firm has swiftly begun raising its latest vehicle after closing its fifth fund on $1.5bn last year.

Why aiming small has its advantages

Could lower-market strategies offer a more fertile hunting ground for credit managers in an increasingly competitive market? Prime Lead Partners’ Viral Patel considers the evidence.