Europe

Churchill Asset Management tests managers for a clear edge and the discipline to stick to it by using co-investments, advisory board seats and annual re-underwriting, managing director Anne Philpott tells PEI Private Equity.

The Paris-based firm’s fourth flagship strategy ‘is in advanced deployment with 16 investments made’ in sectors including the energy transition, transport and digital infrastructure.

Kartesia backs Navori add-on, Patron Capital provides $219m for 123 Victoria Street and more…

The executive anticipated the Canadian pension fund will deploy more capital at scale into real estate credit, select a third manager.

The fund is thought to be approaching a final close with several LPs having confirmed their involvement.

The $1.3trn manager said that it has recorded record fundraising YTD as of 30 September.

NXT backs Runyon buyout, Ashgrove funds Fourthline and Veritas merger, and more…

Having regulated private credit before defining it, the EU is now asking what the asset class actually is, and the most likely result is better reporting rather than new rules, writes Jiří Król, global head of the Alternative Credit Council.

The safety and stability of European senior credit is proving attractive for investors and borrowers alike, as economic conditions become more difficult.

Core managers extol the virtues of structural control, but upper mid-market peers say they lack differentiation.