News & Analysis

Moody’s: Sponsors using accordion features to boost debt of weaker borrowers

Incremental debt provisions have existed for a long time, but stiff competition is driving manoeuvres to increase leverage.

UK’s Border to Coast seeks PE, private credit lead amid buildout

The local government pension scheme pool, with over £50bn of committed client fund capital, is expanding its investment capabilities ahead of seven more funds joining its pool.

BCI says Europe exposure key for private debt diversification

After making major investments in the region this year, the Canadian LP says diversifying its credit portfolio with strategic agreements is a key pillar of its strategy.

PGIM holds $619m close on oil and gas credit fund

PGIM Energy Partners II focuses on senior and junior debt as well as structured equity investments.

Ares: ‘Enormous growth potential’ in APAC infra debt

Spencer Ivey has relocated to Sydney to spearhead Ares’ push into APAC infra debt, a market the firm feels may grow substantially over the next 10 years.

401(k) Special: ILPA to publish guidance on how executive order impacts LPs

ILPA will also update its due diligence questionnaire template and introduce a retail capital section in light of recent developments, Neal Prunier, managing director for industry affairs at ILPA, tells PEI.

UK’s Just Group investment heads exit after Brookfield deal

The CIO and investment strategy head exit the $36bn AUM life insurer after Brookfield’s recent move to acquire it, Private Debt Investor has learned.

TPG Twin Brook, Coller set $3bn credit secondaries milestone

This marks the largest deal of its kind, as private debt investors look to continuation vehicles for liquidity.