Investors remain underallocated to private credit despite growing average allocations to the asset class.
1 min read · 17 August 2023
The use of sustainability-linked loans is becoming widespread but pricing and valuation can be complex. John Czapla and Adrian Lowery of VRC consider the issues.
4 min read · 15 August 2023
Secondaries activity across alternatives as a whole is subdued, but a strong performance from debt is bucking the trend. Plus: fundraising data supports anecdotal evidence of a resurgence for junior capital; and the latest key hires. Here’s today’s brief for our valued subscribers only.
4 min read · 14 August 2023
Creditors battling to recover the trucking company’s nearly $3bn in obligations include the US Treasury, Apollo, the Teamsters and pension interests.
3 min read · 11 August 2023
The new group is among a handful of competitors vying for business from private markets GPs finding it difficult to raise funds.
2 min read · 11 August 2023
Largest-ever energy transition private credit fund hits its hard-cap and surpasses $6bn target.
2 min read · 11 August 2023
The ratings agency’s report finds distributions for notes backed by fund stakes fell due to decline in deals.
3 min read · 10 August 2023
The purchase of prime auto loans is part of the asset manager’s broader push into ABF, KKR’s Pietrzak says.
2 min read · 10 August 2023
New Hampshire Retirement System has made a $50m commitment to Ares Pathfinder Fund II, a contact at the pension confirmed.
1 min read · 10 August 2023
A second survey has backed up an existing one in identifying a declining private debt default rate. The omens for portfolio company performance are promising.
2 min read · 10 August 2023
