News & Analysis

Carlyle, Citi form asset-backed finance partnership for fintech lenders

The partnership formed following Carlyle’s September purchase of home equity sharing company Unison.

Loan Note: Speciality finance under scrutiny over solar role; Patria completes LatAm fundraising

Marathon’s Richards highlights speciality finance role in solar difficulties. Plus: Patria in LatAm fundraise; and Aegon’s new capital call fund.

Aware Super looks to US and Europe as private debt performs strongly

Australian superfund Aware Super is one of the largest domestic players in the asset class Down Under – and continues to deploy capital through GPs overseas.

Pemberton opens New York office to tap US investors

The new office is accompanied by four senior hires aimed at getting North American investors to invest in European credit.

Continuation vehicles are rewarding creativity

The CV is coming to private credit. Instead of lengthy workouts at the end of funds’ lifetimes, managers can simplify fundraising and give investors extra yield

AustralianSuper to enter European mid-market corporate lending

The $239bn retirement fund aims to pick GPs to invest in the asset class this year or early next, according to investment director Laurine Amiel.

Loan Note: Evergreen funds on the rise as Partners attracts €2bn; Cliffwater challenges negative view of alternatives

Partners raises €2bn amid growing investor interest in evergreen vehicles. Plus: Cliffwater disputes that alternatives act as a drag on pension performance; and views on credit from the PERE Europe Forum.

Cracks emerging in BDC loans, mid-market issuers

Direct tariff exposure remains low, but second-order effects could prove troublesome.

Reports: Apollo, Goldman Sachs, JPMorgan form partnership to syndicate debt

Goldman Sachs and JPMorgan will serve as broker-dealers, keeping some debt on their balance sheet as well as leading third-party sales

How to unlock the potential of ARR

Deals based on annual recurring revenues offer a way for lenders to tap into the early-stage growth market. Devon Martineaux and Andrew Miller of Valuation Research Corporation offer insights into how ARR deals work.