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Patron expands into real estate debt with strategic hire

The firm is aiming to raise as much as €700m in the next two years for its first dedicated credit strategy.

Ares names a new co-head of Europe alternative credit

Sehayek succeeds Applebaum, who is no longer with the asset manager; Questa remains the other co-head.

AllianzGI’s APAC head exits after leadership reshuffle

The German asset manager, with around €18.5bn in private credit assets, will lose Desmond Ng in the summer.

Ex-JPMorgan, PIMCO veterans launch private debt manager

The US start-up Firebrand Investors has senior management in place and is working to build out its investment team, Private Debt Investor has learned.

Fidelis Investors enters the RTL deal pipeline

Launched with Morningstar’s blessing, the firm’s February securitisation has 435 underlying loans.

Apollo to acquire Bridge, expand PE origination base

The purchase is set to close in Q3. The all-stock deal will add a manager with $50bn of AUM.

CVC hires ex-Robeco exec to lead global insurance coverage

The private equity giant is understood to be aiming to raise more capital from insurers as they seek bigger allocations to private markets.

Big names exit Nuveen in client team shake-up

Former global client chief Mike Perry and alternatives products head Keith Jones have left the $1.3trn firm, which is targeting $2trn in assets by 2030.

Credit looms large in Apollo promotions

James Zelter and John Zito are in the running to succeed CEO Marc Rowan, whose tenure is extended by five years.

Ares names Alexander a co-head in alt credit

He joins two others to lead asset-based credit, the fastest growing strategy