Europe

Our annual ranking of private credit’s biggest fundraisers also shows capital raising increasing overall – and rising especially fast for the largest fund managers.

The partnership – also comprising CVC, Goldman Sachs, Prudential Financial and MS&AD – will initially originate up to £2bn of assets over five years. It means Standard Life could acquire defined benefit schemes as large as £25bn, says interim CIO Nuwan Goonetilleke.

The Texas-based firm said lower mid-market businesses in Europe are facing a significant funding gap.

The fund has already exceeded the total raised by its predecessor to provide senior loans to companies in the CEE region.

The fund is Ninety One’s third vintage focused on senior credit in emerging markets.

Some investors have been ‘housing capital’ in evergreens before redeeming to fund a Hamilton Lane SMA, co-chief Erik Hirsch said on a Tuesday earnings call.

The firm’s US buyout strategy distributed capital at more than double the industry rate, chief executive Harvey Schwartz noted on the firm’s latest results call.

New York-based manager’s origination machine has grown AUM by 25% in one year to $1.05trn.

With interest growing in Asia-Pacific and the Middle East, the firm was able to close its latest direct lending fund well ahead of target.

Ares Management raises a record $36.4bn in capital and deploys $36bn