North America

Continuation vehicles backed by Pantheon will acquire a total of roughly $2bn of private credit investments.

Despite reaching AUM of $50bn, appetite has not been satisfied for collateralised loan obligations – and retailisation is causing the source of that demand to shift to a wider market.

Despite discussions of declining investor demand for liquidity, both funds saw requests for double-digit amounts of shares to be tendered

The manager, which operates in the lower mid-market, in early June wrapped up one of the year’s stand-out private credit fundraisings to date.

Judge Lopez sees ‘no doubt that there is cause to convert’ as there is no going concern to reorganise.

Sponsors can complement good underwriting but not replace it, say Apogem Capital’s Bill Kindorf and Adam Willis.

The CLO market has challenges, but prospects for the rest of the year look bright as it demonstrates continuing resilience, says Matt Maggio, director and senior portfolio manager in the securitised credit and CLO management team at RBC BlueBay Asset Management.

Lenders must embed adaptation and resilience readiness into standard credit assessment, writes Ravi Singh, senior manager at Institutional Investors Group on Climate Change.

A proactive approach to risk across portfolios and assets is key to staying on the front foot, say Gordon Brothers’ global head of credit Mark Bohntinsky and chief transaction officer Kyle Shonak.

The US private credit market puts in a strong performance despite market headwinds.