News & Analysis

Washington pension lays groundwork for private credit portfolio

Major private markets allocator with $211bn in assets introduces framework for portfolio with direct lending, opportunistic and distressed strategies

Is private debt a good bet? Investors weigh the odds

Pensions taking stock of recent private credit investments view allocation upticks as an obvious course of action, despite having questions about the impact of defaults and credit quality.

Vista Credit president Flannery to step back into advisory role

Flannery, who took over leadership of Vista’s credit platform in 2018, will be succeeded by two co-heads: Greg Galligan and Pete Fisher.

LPs expect PE’s fundraising woes to deepen amid tariff volatility

Investors believe uncertainty caused by US President Donald Trump’s tariff policies could postpone a thaw in exit markets, compounding existing fundraising challenges.

There is still room for new real estate debt fund managers

Despite the lack of deal volume and build-up of dry powder in the sector, there remain parts of the market where borrowing needs are not being met.

Tariff uncertainty raises interest in ABL strategies

Some LPs say they haven’t made the move yet, but a large fundraise implies many already have.

Loan Note: Blackstone joins forces with Vanguard and Wellington; default rates edges down

Blackstone one of trio of firms in new investment partnership. Plus: Proskauer charts drop in default rate; and Moody’s/MSCI increase scrutiny of private credit risk.

The road to the ‘golden age’ starts here

Fundraising in private debt has struggled in recent years, a counter-intuitive development given the high hopes widely expressed for the asset class’s future. In The Private Debt Investor Podcast, Jess Larsen of Briarcliffe Credit Partners says a corner is being turned in 2025.

Sky Leasing holds final close on $1.35bn

The fund beats its target, doubles its predecessor and reflects the return of creative aircraft financing.