News & Analysis

Fundraising’s fragile green shoots

Investor sentiment around private debt has proved determinedly positive, but funds have been finding the capital-raising environment tough. Did a surge in Q1 mean a corner has been turned?

Crescent closes European lending fund on €3bn

The fund closed ahead of target, citing strong demand for European lending from investors.

Loan Note: UK superfund’s private credit push; direct lending delivers strong return in 2024

UK defined benefit pension superfund establishes private markets allocation. Plus: index identifies yield pick-up; and direct lending returns held up strongly in 2024.

First Eagle launches evergreen BDC

The public but non-listed vehicle plans to lend to borrowers with EBITDA of $5m-$50m.

Pantheon raises $5.2bn for third credit secondaries programme

The strategy, one of the largest of its kind, closes amid ample opportunities in seasoned funds.

Blackstone snares Fidelity’s APAC insurance head for regional buildout

Pierre-Emmanuel Brard’s hire is part of Blackstone’s global push to raise more capital from insurers, affiliate title PEI learns.

Trump tariffs an opportunity for credit funds – Hayfin

A new trade tariff regime in the US is likely to create more opportunities for credit managers to offer reliable capital to sponsors.

Too many boats in the sea, not enough fish in the ocean

In a world of hyper-efficient deal processes, differentiating yourself through proprietary dealflow is becoming more and more difficult, maintains Charlie Perer of SG Credit Partners.

DOWNLOAD: Fundraising rebounds with record Q1

Private credit managers raised over $74bn in the first quarter.