News & Analysis

Adams Street’s third private credit platform focuses on senior financing to sponsored mid-market US and European businesses.

Matthias Kirchgaessner examines retail redemption stress, institutional contagion channels and the broader repercussions for the private credit market.

Such opportunities ‘can provide us with some downside protection against the macro flows rather than going with the flow as part of the herd’, says head and OCIO Seong Sup Cho.

Insurer has committed $400m to five private credit managers this year, according to global head of corporate finance John C S Anderson.

In a deep dive, we examine how the ‘asset-light’ business model favoured by private equity and private credit is under scrutiny. Also, new debt firm Square Nine forms partnership; and UK pension Nest puts £450 million backing behind Crescent Capital Group. Here’s today’s brief for our valued subscribers only.

The firm said that redemptions were not motivated by fundamentals, but by a broader trend of investors seeking liquidity from funds elsewhere.

A huge increase in government spending, increasingly positive investor sentiment and a shift from the new economy to the old – all reasons why European defence is a lender target.

The fund beat its target and expects to make more than 50 loans to European borrowers.

Despite the issues around redemption requests in semi-liquid funds and concerns over AI disruption in the software sector, fundraising is going strong. Also, Moody’s sentiment on the BDC market takes a turn for the worse; and Hamilton Lane gets the go-ahead for an interval fund. Here’s today’s brief for our valued subscribers only.