News & Analysis

Loan Note: Mubadala, Fortress sign $1bn agreement; Changes at the top at Balbec

Sovereign wealth fund Mubadala signs partnership with fund manager Fortress. Plus: new chief in charge at Balbec; and our latest podcast points to golden age ahead.

What’s driving the growth of private credit secondaries

In this podcast, two early pioneers in credit secondaries discuss what’s fueling manager interest in the space and share their views on where the market is headed next.

The PDI Fund Formation League Table: Kirkland and Fried, Frank in successful defence

Our ranking reveals the private debt industry’s top law firms by number of closed funds advised on and total capital of underlying vehicles.

Apera closes third fund above hard-cap at €2.9bn

The fund raised more than double the capital of its predecessor for lending to European mid-market companies.

Amid tariffs, Penfund closes on $1.8bn

The fund is the Canadian firm’s first senior debt strategy in 25 years.

Oklahoma TRS commits $400m to private debt SMAs

The teachers’ pension still remains short of its 5% target allocation to private debt.

Loan Note: Vote for your Women of Influence; Sculptor posts fundraising success

Voting opens for our 2025 Women of Influence in Private Markets. Plus: Sculptor beats fund target; and China’s private debt decline set to continue.

Capital Group, KKR receive SEC approval for retail credit funds

The funds join a growing list of credit funds seeking to tap the sizeable market for individual investors