North America

An abundance of capital and opportunity is coming together, say Mark Boyagi, Sean Hill and Ted Cardos, partners in the investment funds practice at Kirkland & Ellis.

Retail redemptions and software exposure highlight the need for liquidity across private credit, offering potential opportunities for secondaries investors, according to Rakesh (Rick) Jain and Toni Vainio at Pantheon.

Co-CEO Marc Lipschultz pushes back on the ‘panic’ narrative, saying it is driven by sentiment, not fundamentals.

San Francisco-based manager focuses on growth-stage, mid-market tech with long-term demand.

Primary Wave’s fourth and largest such fund exceeded its original $1.5bn target fundraise and hard cap.

The hedge fund and activist investor says it will target public and private BDCs at 30% or more discounts to NAV.

Four factors weigh on the sector: leverage, redemptions, asset quality and the risk of obsolescence by AI.

Secondaries on the rise, but LPs and GPs don’t always see eye to eye. Also, Pemberton highlights US/Europe disparity over retail and software woes; and private credit deals on the up in Africa. Here’s today’s brief for our valued subscribers only.

Private credit returns declined in Q1, but executives blame ‘naysayers’ not fundamentals.

The firm’s Credit Opportunities Fund II collected more than double its target and will primarily invest in secondaries and co-investments