News & Analysis

The firm also reported a high re-up rate for its latest flagship European credit vehicle.

The firm secured its largest fundraise to date to provide credit to early stage and growth businesses.

State’s pension consultant Meketa recognises problems underlie default headlines, but notes private credit is ahead of public markets in working through the cycle.

Continuation vehicles backed by Pantheon will acquire a total of roughly $2bn of private credit investments.

The investor is also moving into other new areas of illiquid credit, including infrastructure and real estate financing, says founder and CEO Antoine Prudent.

In today’s edition, Analysis of the top fundraisers finds that North American GPs continue to be the dominant force in private credit. However, European unitranche deals are making a comeback, according to research by Houlihan Lokey. Here’s today’s brief for our valued subscribers only.

Despite reaching AUM of $50bn, appetite has not been satisfied for collateralised loan obligations – and retailisation is causing the source of that demand to shift to a wider market.

Despite discussions of declining investor demand for liquidity, both funds saw requests for double-digit amounts of shares to be tendered

The firm’s third vintage in its Asia credit strategy is thought to be targeting $1bn.

Apollo’s $9bn minority equity deal with gas company Oneok may well divert more attention to these kinds of arrangements.