Europe

LCM Partners on asset-backed lending: A heterogeneous asset class

Given the diverse nature of the asset class, and the number of new asset-backed lending strategies coming to market, the importance of manager selection should not be underestimated, says Paul Burdell, co-founder and CEO at LCM Partners.

Sona beats target with $800m raise for capital solutions

The firm’s first comingled fund in its capital solutions strategy will invest in a broad mandate of public and private credit.

Arcmont gets green light for private credit LTAF

The firm has received regulatory approval to offer direct lending to defined contribution pension clients.

NorthWall closes credit opps fund ahead of target on €640m

The firm’s second opportunistic credit fund closed at more than twice the size of its predecessor with backing from LPs across the US, Europe and Asia.

Accession secures €336m for hybrid fund

The firm will continue its strategy of backing Central European growth businesses with debt and equity solutions.

Kartesia raises €1.8bn for second gen senior credit fund

The fund will continue its strategy of investing in lower mid-market companies in Europe.

Canyon closes two CLOs to raise over $1bn

Canyon Euro CLO 2023-1 is the sixth-largest European deal ever, and the largest in more than six years.

BlackRock adds senior role for Spanish and French private credit

Camille de Lamotte will join the firm from Goldman Sachs to lead Spanish activity and co-head French deals.

Adams Street Partners on the compelling opportunity in mid-market credit

Yields from private debt are currently at decade highs, potentially making this a very attractive vintage for the asset class, says Bill Sacher, partner and head of private credit at Adams Street Partners.