News & Analysis

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

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

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.

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.

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

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

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.

Questions raised over whether LPs are failing to sufficiently diversify in private debt. Plus: signs of life in the European unitranche market; and Bridgepoint establishes music royalties partnership.

All private market asset classes stand to benefit, debt more than real estate or infrastructure.

Investing sequentially, rather than simultaneously considering allocations in ABF and niche strategies, could be harming some LPs returns.