North America

LPs look to move past the denominator effect

More and more LPs appear to be adopting an approach to allocation that could help them avoid portfolio imbalances due to volatility.

Ares supports Vantage Data Centers via a $2.4bn debt facility

The manager commits two-thirds, or $1.6bn, of the total, with $330m of it at closing.

Nuveen’s takeover of Schroders to create $2.5trn asset manager

Schroders Capital, the private capital arm of Schroders, manages more than $25bn in private equity assets.

Janus Henderson-backed units launch first asset-backed private credit interval fund

Privacore VPC Asset-Backed Credit Fund will be seeded with $250m in capital from CNO Financial and Corbin Capital.

Apollo inks wealth deal with Schroders, posts $5.9bn earnings

Partnership to focus on hybrid, public/private and debt investing. Apollo sees strong growth in earnings from fees and spreads.

Oaktree-backed GA Group launches direct lending platform

Great American Holdings has acquired a risk solutions business and begun managing third-party assets focused on asset-based lending.

New report: Private markets performance data

PEI Group’s quarterly fund performance reports analyse the state of private markets through the lens of our proprietary data to bring you market insights enriched by our reporting and editorial expertise.

Blue Owl’s Lipschultz seeks to quell fears of ‘red flags’ in software portfolio

As the firm reports record AUM, executives on the earnings call say only 8% of AUM is in software lending, with strong loan-to-value ratios.

Positive opportunistic credit test has Marin County eyeing next moves in programme

California pension with about $4bn AUM looks to enter $100m this year into its new dedicated private credit sleeve after hearing more good news from its first credit GPs.