North America

Brookfield credit group’s consolidation plan delivers in 2024

The New York-based manager wants to more than double the size of its $317bn credit platform over the next few years.

Oaktree raises $16bn for largest ever distressed debt fund

The fund misses its target by $2bn but still counts as the firm’s largest ever fundraise.

The expanding role of private debt in upstream energy

There is a major opportunity for investors prepared to take the time to understand the industry, says Steve Hendrickson of Ralph E Davis Associates.

Moody’s flags lack of standards in loan covenants

Ratings agency raises concerns about inconsistencies over leverage and portability rights.

Behind NJDOI’s $900m debt commitments

The pension fund allocated to SMAs and co-investments in distressed and senior direct lending.

Ares reports record fundraising and makes leadership changes

Firm names Kipp deVeer and Blair Jacobson co-presidents as it sees record demand for credit investments.

Public-private convergence of alts is key in Apollo’s 2024 report

Private credit dominated inflows, while the firm raised $12bn from high-net-worth individuals.

Oak Hill forms partnership with Ares-backed insurer

Oak Hill and parent company T Rowe Price expect to manage some of Aspida’s assets

Balbec holds final close on $1.7bn distressed ABF fund

Manager raises its largest-ever fund, which will focus on asset-based investments.

Blackstone beats expectations, lauds private credit ‘juggernaut’

COO Gray says Blackstone’s non-investment-grade and real estate credit earned ‘extraordinary results’ amid robust investor interest.