Getting a fairness or valuation opinion on a private equity GP-led secondaries transaction is a straightforward, albeit costly task. In credit secondaries, however, the rule change creates a cumbersome burden.
3 min read · 21 September 2023
NYSCRF has invested $850m in two private credit funds, managed by KSL Capital Partners and Intermediate Capital Group.
1 min read · 21 September 2023
European transactions have dropped to the lowest number since the covid-19 pandemic broke out, due to a sharp decline in LBO volumes and other difficult market conditions.
2 min read · 21 September 2023
The fund will co-invest in upper-mid-market loans through a partnership with ING Bank.
2 min read · 20 September 2023
Blend and extend is the latest iteration of the ‘extend and pretend’ strategy frequently seen in the wake of the Global Financial Crisis.
6 min read · 18 September 2023
Gilles Dellaert, global head of Blackstone Insurance, will serve as global head of BXCI and lead the business’s combined operations.
1 min read · 18 September 2023
During Musicco’s brief tenure, CalPERS substantially boosted its investment in venture capital funds as part of a larger effort by the CIO to grow private market exposure.
2 min read · 18 September 2023
Tikehau’s digital platform Opale selects three managers for its fund of funds, which offers access to small-ticket investors. Plus: Arrow Global launches a new real estate unit in the Netherlands; and watch out, the zombies are proliferating. Here’s today’s brief for our valued subscribers only.
6 min read · 18 September 2023
A growing number of fund managers are offering customised investment options for clients and are seeking ways to access retail clients.
3 min read · 15 September 2023
In the wake of the most sweeping regulations since the financial crisis, Gensler was grilled this week by members of the Senate’s Banking, Housing and Urban Development committee about the new private fund rules.
3 min read · 14 September 2023
