Europe

SMBC Private Markets hires Stride to lead EMEA market push

SMBC has appointed Louis Stride to lead its EMEA private markets capital formation business amid a wider strategic plan.

Germany’s clarified framework for enforcement and recoveries

How the country’s updated auction rules are starting to shape intercreditor dynamics, enforcement strategies and loss-given-default assumptions in deals involving German collateral. By Dagmar Gold of Deutsche Pfandverwertung

Aspen Insurance CIO Aileen Mathieson departs

Her departure from the Bermuda-based speciality insurance firm, which has a $6.9bn investment portfolio, follows its recent takeover by Japanese insurer Sompo.

AlbaCore and MUFG team up for infrastructure debt platform

The deal will see the two firms work together with support and seed investment from Mitsubishi UFJ Trust Bank to provide two infrastructure credit strategies to global investors.

How KKR brings public and private finance together

PDI spoke with KKR’s Michael Small and Mark Danzey about the firm’s approach to financing.

New York Life and Candriam acquire majority stake in Kartesia

The deal sees the existing minority shareholder take 80% of the European private credit business.

Dutch insurer Achmea Pension & Life hires CIO with private credit focus

The new joint venture between Dutch insurer Achmea and US private markets manager Sixth Street plans to increase and diversify its private credit exposure and is expanding its investment team.

BNP Paribas: ‘Alternative” evergreen structures attract institutional investors

Run-off evergreens and rolling vintage umbrella funds are giving LPs more flexibility than traditional closed-end drawdown funds.

Park Square Capital: Credit is no longer about exposure – it’s about selection

As private debt becomes more competitive, Park Square Capital’s Robin Doumar explains why investors need to stay selective.

Latham & Watkins: Private credit moves from depth to breadth

Private credit managers are expanding the menu of products and structures they offer as borrowers seek out further flexibility and creativity, say Latham & Watkins’ Stelios Saffos, Dan Seale, Alfred Xue and Peter Sluka.