North America

The worst of the software sell-off phase may be over, but private credit firms are still assessing the extent to which it will impact US portfolios over the coming months and years. David Brooke reports.

Our annual ranking of private credit’s biggest fundraisers also shows capital raising increasing overall – and rising especially fast for the largest fund managers.

Aston Martin, makers of James Bond’s iconic car, creates a JCrew-style trapdoor – BlackRock is both beneficiary and casualty.

TWG is working with state and federal regulators regarding undisclosed insurance-affiliated assets.

Clean energy debt fund’s fourth vintage alone, on first close, adds over $1bn to total; more jurisdictions widen originations pipeline.

Hysteria in the business development company market has given way to a calmer search for liquidity options.

The partnership – also comprising CVC, Goldman Sachs, Prudential Financial and MS&AD – will initially originate up to £2bn of assets over five years. It means Standard Life could acquire defined benefit schemes as large as £25bn, says interim CIO Nuwan Goonetilleke.

Stanger report also sees highs in redemption requests: 10.4% of NAV in Q and 12.4% in Q2.

Houlihan Lokey’s paper offers the theory as Nvidia strikes deals with investment managers that illustrate the practice of AI infra buildout to the tune of $500bn.

Whether the trend is up or down – and by how much – depends on who’s counting and with what data.