News & Analysis

Executive outlines an approach to investor jitters involving real-time marks and, beyond that, the use of third-party valuations/modeling.

Runs draw down political capital, as examiners step up focus on disclosures, possible conflicts and valuation of funds.

The UK insurer, formerly Phoenix Group, is also seeking a new CIO and has reported 8.6% year-on-year growth of its asset portfolio to £317bn.

UK wealth capital investor sees a big rise in popularity of private markets. Also, Blue Owl announces financing commitments, and Kennedy Lewis teams up with Bank of Ireland. Here’s today’s brief for our valued subscribers only.

Major allocators suggest at Milken Institute event that private credit fund managers have “pendulum swinging back” to them after inflows from alternative capital sources

How the country’s updated auction rules are starting to shape intercreditor dynamics, enforcement strategies and loss-given-default assumptions in deals involving German collateral. By Dagmar Gold of Deutsche Pfandverwertung

Valuations of Blue Owl’s BDC’s portfolio provided by Kroll have raised concern given Kroll’s close connection to Deerfield, a borrower from those BDCs.

Cliffwater and Morgan Stanley seek to reassure investors over the health of their funds’ portfolios, while JPMorgan limits lending activity to credit funds.

Redemptions put spotlight on future of retail capital. Also, concern around underwriting as capital flows increase, and British International Investment backs emerging market impact deal. Here’s today’s brief for our valued subscribers only.