North America

Ares AUM swells to $546bn with growth of credit, PE

The asset manager saw record capital commitments of $20.2bn on top of strong deployment.

Apollo posts solid origination with record inflows in Q1

The firm’s AUM grew 17% to $785bn, with its multi-asset credit platform reaching $8.5bn.

Secondaries: From highs to lows to opportunities

Expert comment: The secondaries market is shrouded in uncertainty after tariff-related volatility. There are, however, reasons to remain upbeat over the longer term.

Amid tariffs, Penfund closes on $1.8bn

The fund is the Canadian firm’s first senior debt strategy in 25 years.

Oklahoma TRS commits $400m to private debt SMAs

The teachers’ pension still remains short of its 5% target allocation to private debt.

Capital Group, KKR receive SEC approval for retail credit funds

The funds join a growing list of credit funds seeking to tap the sizeable market for individual investors

Washington pension lays groundwork for private credit portfolio

Major private markets allocator with $211bn in assets introduces framework for portfolio with direct lending, opportunistic and distressed strategies

Tariff uncertainty raises interest in ABL strategies

Some LPs say they haven’t made the move yet, but a large fundraise implies many already have.

Sky Leasing holds final close on $1.35bn

The fund beats its target, doubles its predecessor and reflects the return of creative aircraft financing.

TPG, Temasek take minority stake in Cliffwater

TPG admires Cliffwater’s long-running status in the retail market through interval funds.