North America

The weight of capital that will overcome fundraising blips

Tariff-generated volatility froze capital raising in its tracks in Q2, but investors of all stripes are preparing bigger private debt allocations.

Carlyle Global Credit posts record fee-related earnings as it expands ABF, insurance

Global Credit represents 43% of the company’s $465bn in AUM, helped by diversification beyond direct lending

17Capital on its $5.5bn fundraise: NAV lending growing with ‘adoption from the big names’

NAV loans are generally helping performing buyout funds, rather than those struggling with distributions, says partner Dane Graham.

Apollo’s credit unit drives record quarterly inflows and fee earnings

IG credit and ABF, as well as CLO management, part of the unit that represents 82% of AUM, contribute to the results.

Nuveen: The attractions of C-PACE for insurers, builders

The manager’s third vintage received $785m in commitments for the energy efficiency programme, which provides investors with long-duration income.

Real estate debt remains strong as private debt fundraising falters

Private lenders are poised to snap up $1trn of CRE mortgages in the next three to five years, says Moody’s.

Credit specialist Crescent taps ex-17Cap partner to lead GP financing strategy

Gregory Hardiman, who previously co-led 17Capital’s US investment efforts, has been named managing director and head of GP-LP solutions at Crescent Capital.

KKR raises $6.5bn for ABF fund, beating target

The firm, alongside PIMCO, announces partnership with Harley-Davidson Financial Services.

CalPERS names Canio as head of private debt

The pension fund giant has hired Mascha Canio, who has managed public pension assets, to the new role.