News & Analysis

StepStone Group closes $1.58bn credit opportunities fund

The firm’s Credit Opportunities Fund II collected more than double its target and will primarily invest in secondaries and co-investments

Blackstone’s Gray: Negative news doesn’t invalidate semi-liquid structure

The firm’s chief operating officer told a Moody’s conference, however, that ‘if you need the money to live on, it’s not appropriate’.

Japanese LPs find credit secondaries a challenging prospect

‘Asymmetry’ of information and lack of look-through are preventing some investors from participating, according to speakers at the Private Debt Investor Tokyo Forum.

Investor mindsets diverge

While the retail investor flight from private credit garners the majority of coverage, institutions are staying put.

Loan Note: ELTIF liquidity under scrutiny; secondaries fundraising going strong

Focus on ELTIFs as liquidity challenges persist. Also, Sound Point launches interval fund; and secondaries maintain fundraising momentum. Here’s today’s brief for our valued subscribers only.

Nominate the Women of Influence in Private Markets 2026

Tell us who you think should be included in our sixth annual list, which celebrates the achievements of women working across the alternatives ecosystem.

Blue Owl returns 35% of BDC’s NAV to investors

Co-chief executives Marc Lipschultz and Doug Ostrover are no longer using company shares as collateral for personal loans.

Secondaries fundraising maintains momentum in 2026

The proportion of capital raised by secondaries funds in Q1 has exceeded that seen in 2025.

Ex-Nuveen APAC chief builds new investment firm, eyes GPs

Simon England-Brammer’s new venture, which has been quietly establishing a track record and client base, is open to investing in private credit and private equity via asset managers.