Europe

Apollo’s credit unit drives record quarterly inflows and fee earnings

IG credit and ABF, as well as CLO management, part of the unit that represents 82% of AUM, contribute to the results.

Real estate debt remains strong as private debt fundraising falters

Private lenders are poised to snap up $1trn of CRE mortgages in the next three to five years, says Moody’s.

Carlyle announces leadership changes

Mark Jenkins, Carlyle’s head of global credit, will become co-president of the firm alongside John Redett and Jeff Nedelman.

Blackstone credit and insurance unit brings in half of Q2 inflows

President Jon Gray sees the dealmaking pause in the rearview mirror, and expresses optimism for a return of M&A.

Could a LIBOR-style scandal happen again?

The LIBOR scandal finally came to an end this week, after two London traders had their convictions overturned. But could interest rates be manipulated like this again?

Sixth Street taps ex-Goldman vet to lead international fundraising efforts

Stuart Wrigley, who will also lead the firm’s Asia-Pacific expansion from a new Singapore office, joins following a 24-year stint at GSAM, most recently as head of its APAC client solutions group.

Q&A: Foresters’ Erik Vynckier wary of evergreens and copycat GPs

The outgoing investment chair of mutual insurer Foresters Friendly Society, who also runs his own investment office, outlines concerns about the private debt market and why he likes certain strategies and avoids others.

Sponsorless market set to gain from M&A slump – report

Direct lending to sponsor-backed corporates has become a crowded market, Federated Hermes’ report found.

Determining private credit’s systemic risk

While regulators are worried about systemic risk from private credit, KBRA research suggests risk is contained.

Partners holds first close on €1bn for European direct lending

The firm says it has seen a surge in interest in European private credit from investors in Asia and North America.