North America

Park Square closes junior capital fund with €2.4bn

Fund V will follow its predecessor strategy of backing private equity-backed companies in defensive sectors.

Pemberton secures $1.7bn for first NAV finance fund

The credit manager said economic conditions were causing private equity managers to seek additional funding for their portfolios.

Rithm Capital announces acquisition of Crestline Investors

Rithm expects credit synergies with its asset management platform, and gains insurance and reinsurance foothold

Oaktree’s Marks encourages Oregon to consider private credit opportunities

The co-chair of Oaktree has suggested the $100bn system should chase private credit sub-strategies.

GSE re-privatisation – are sovereign funds poised to benefit?

With Fannie Mae and Freddie Mac potentially in line to lose their grip on the US residential mortgage market, might SWFs be among those filling a financing gap?

Franklin Templeton: ‘Dislocations may offer value’

Ahead of their participation in this year’s PDI Network New York Forum, Art Vinokur and Rich Nuzum of Franklin Templeton share their views of the private debt market.

KBRA warns 401(k) order could create a bubble of capital

But ratings agency calls the Trump initiative to democratise access to alternatives ‘profoundly fair’.

Temasek unit and Nexus take equity stakes in Post Advisory Group

The deal, expected to close this year, will bring new capital to the CLO platform as Principal and Nippon exit.

Coller and Benefits Street agree $2.3bn continuation vehicle

The firms say the deal is the largest single fund continuation vehicle ever seen in the private credit secondaries market.