News & Analysis

The insurer’s head of portfolio management, Roman Hederer, sees more opportunities and value now in the asset class than a few years ago, particularly in Europe.

But cap raises at the top five perpetual life BDCs declined 50% year-on-year and profitability is pressured.

Anton Orlich, architect of the US pension giant’s PE turnaround, will now also be responsible for its private credit, real estate, infrastructure and other alternative programmes.

Management, Daiichi Life Insurance and Korea Investment Holdings will provide permanent capital with more than $5bn annual origination capacity

Higher interest rate environment sees private wealth target capital solutions. Plus: credit secondaries momentum set to continue; and questions around stickiness of retail capital. Here’s today’s brief for our valued subscribers only.

Recent moves by Lightrock, Nest and Galvanize offer signs that the private credit market is starting to bridge the climate financing gap, but there is still a long way to go.

Mike Jones, managing director and head of Australia private credit at PGIM, says that growth has slowed somewhat as the country’s big banks remain active, with patience vital.

The asset-based fund beat its target and raised $12.7bn of investable capital including commitments extended from the prior vintage.

The Hong Kong-headquartered firm, with $166bn under management, has appointed a former insurance CIO to what is understood to be a newly created role, Private Debt Investor has learned.

The deal will make Ares’s private markets products available to a wider range of wealth managers.