While we may be in a bear market, a number of recent reports indicate this may be a bullish time for private credit funds. Plus: Blackrock says it is hard to predict how credit market macro conditions will evolve, while White Hawk launches a new fund. Here’s today’s brief for our valued subscribers only.
6 min read · 30 March 2023
A key aspect of the debut Pathfinder fund is its social impact pledge, with Ares committing to donate at least 10% of the vehicle’s carried interest profits to global health and education charities. Fund II is expected to take a similar approach.
3 min read · 29 March 2023
In the keynote speech on day one, Cheng Khai Lim of the Monetary Authority of Singapore outlined some of the opportunities and challenges for the asset class in the region.
2 min read · 29 March 2023
The subsidiary of Hercules Capital has formed a new private credit lending programme following the failure of Silicon Valley Bank, which was a lender and banker to about half of the VC-backed tech and life sciences start-ups in the US.
2 min read · 28 March 2023
With banks once again in trouble across Europe and the US, private credit could offer a vital alternative source of funding, according to Fidelity International’s Michael Curtis.
3 min read · 28 March 2023
The fund is targeting €750m and is the firm’s first vehicle dedicated to energy transition debt.
1 min read · 28 March 2023
The Mumbai-based investment firm has held a first close for its Strategic Situations Fund II.
1 min read · 28 March 2023
The question of where values sit is hanging over the market, made harder to answer by a lack of trades.
4 min read · 27 March 2023
One of the challenges that has emerged as potential buyers explore an acquisition of SVB Financial’s fund of funds platform is continuing access to the top names in venture capital, say sources familiar with the process.
4 min read · 27 March 2023
Credit a priority as family investors broaden horizons; Hunter Point acquires stake in L Catterton. Plus: new hires for CIFC and SVP. Here’s today’s brief for our valued subscribers only.
5 min read · 27 March 2023
