North America

Structured credit push: Phoenix, other insurers build exposure as First Eagle mulls fund launches

The $3.3trn structured credit market’s appeal is rising for insurers, says Phoenix’s head of private markets and a forthcoming report from US manager First Eagle Investments.

Davidson Kempner argues it’s time to pivot to asset-backed finance

As recovery rates plunge, a new report points to second-lien mortgages, European SME ABF and US equipment finance as areas of opportunity.

Is AI a bubble or is it a tech transformation?

How technological enthusiasm, even when well founded, can be a disastrous substitute for due diligence.

Monroe Capital launches its first perpetual-life, non-traded BDC for retail investors

MLEND will be available to clients of financial advisers through US-based RIA and broker-dealer networks

Talent, insurance and retailisation: Looking to 2026

Private credit is the ‘centre of gravity’ for capital formation labour markets, according to Jensen Partners.

NAIC eyes new framework for regulatory credit ratings

Effective 1 January, state insurance regulators will have more leeway to challenge credit ratings

Sun Life’s private markets manager targets double AUM under Kalsi leadership

Private real estate veteran Sonny Kalsi is to lead a growth strategy for Sun Life Capital Management, which aims to see its assets under management double to $600bn within five years.

CalPERS looks to expand emerging managers programme

Peter Cashion, managing director for sustainable investments at the Californian state employees’ pension plan, is encouraging the real assets and private debt teams to engage with more emerging and diverse fund managers.

PDI 200: HPS gains ground in our 2025 ranking

Ares retains the top spot in our ranking as North America asserts its dominance when it comes to capital accumulation.

Questions linger as Wall Street readies for 401(k) blitz

The moment alternatives managers have awaited for years is finally here – but the push for retail assets will not be as straightforward as some might assume.