Europe

Credit manager M&A spree raises diligence issues for LPs

Fund allocators such as Goldman Sachs’ external investing group and Allianz Global Investors are putting more focus on rising private debt GP consolidation.

Eurazeo and Pantheon complete €480m credit CV

The deal is the second between the two firms to provide liquidity to Eurazeo’s LPs while maintaining continuity for borrowers.

Carlyle finds value in Europe

‘Europe has always offered a spread pick-up,’ says Taj Sidhu, partner and head of European and Asian private credit at Carlyle.

LBP AM European Private Markets on the view from the mid-market

Facing an uncertain outlook, Christophe Murciani, head of real estate debt at LBP AM European Private Markets, explains why he and his team are adopting a granular approach to real estate debt opportunities in the mid-market.

Real estate is on the rise for private debt investors

Investor appetite for real estate credit is growing as attractive attachment points and diversification opportunities mark out the asset class from other areas of private debt.

CLOs to suit the cautious and the bold

Collateralised loan obligations are resilient in the face of pressure and offer opportunities should infrastructure spending or merger activity soar in upcoming quarters.

Credit secondaries is set for another banner year

Credit secondaries ranked second only to PE in deal volume across both LP-led and GP-led transactions in 2025.

Benefit Street and Alcentra merge under BSP brand

The move completes the integration of Alcentra and Benefit Street Partners, both of which are part of Franklin Templeton’s alternative credit platform.

CVC to acquire US manager Marathon

The deal will significantly expand CVC’s presence in North America and follows the signing of a $3.5bn partnership with AIG.

Investor support for North America starts to fade

Our latest snapshot of LP opinion appears to suggest capital flows may be changing direction.