North America

Neuberger Berman holds $7.3bn final close for direct lending fund

With leverage, NB Private Debt V, a senior debt fund, raises more than double its target.

S&P finds BDCs and interval funds resilient

Meanwhile, direct lenders discover that offering a PIK option enhances their appeal.

‘My honest assessment is it ends badly’ – NYC pensions’ CIO on retail investing

Outgoing CIO Steven Meier delivered a candid prediction at the Infrastructure Investor Network’s America Forum in New York.

PDI Awards 2025: Last week to submit your entries!

Entries for the PDI Awards close on 14 November.

The rise and rise of take-privates

Short-term and increasingly passive public markets aren’t always the right fit for major transformations, particularly those being driven by trends such as decarbonisation and AI.

Modelling public-private exposure

Do customisable models incorporating both public and private markets exposure represent the next step in the democratisation of alternatives?

Restoring the balance between public and private markets

Companies are staying private for longer, but our economies need fully functioning and vibrant public markets as well.

Public markets: After years of private market growth, public markets may gain ground

Thanks to the evolution of a robust private market ecosystem that includes private credit, secondaries and unprecedented amounts of capital, companies are growing bigger and staying private for longer than ever before. Nevertheless, the dream to go public is still very much alive.

Ares CEO says it avoids trade finance, seeks to reassure on credit cycle

Michael Arougheti, Ares’ CEO, views subprime lender collapses as ‘idiosyncratic and isolated’, not signifying a turn in the credit cycle.