North America

Debt’s evolution has fuelled growth, but may invite regulatory scrutiny – Moody’s

Tapping individual investors provides new sources of fundraising but also regulatory scrutiny, Moody’s warned in a report.

Moody’s: Default rates for private equity-backed companies on the rise

Dividend recapitalisations also trend up, but only among higher-rated borrowers.

Russell launches private debt fund of funds for professional investors

The fund will offer access to an initial group of seven private debt funds through an evergreen structure with quarterly liquidity.

DOWNLOAD: Fundraising sees Q3 revival

Fundraising bounced back in Q3 with average fund size continuing to increase, according to the latest PDI Fundraising Report.

Behind NMSIC’s private debt pacing plan

New Mexico’s sovereign wealth fund wants to put more than $1bn toward private debt per year.

Apollo plans to have $1.2trn credit AUM by 2029

The New York-based firm is also planning $275bn in origination annually by 2029.

Cliffwater: Private debt yields 7.87%, short of its expectations

Institutions may be sacrificing some yield for the sake of diversifying, says CEO Stephen Nesbitt.

Reports: JPMorgan launches $10bn private credit partnership

The partnership will include Cliffwater, FS Investments and Shenkman Capital Management.

Blackstone hires private credit veterans for infra and asset-based group

The firm says the new partners will help fuel continued growth of its infra and asset-based credit platform.

GI 75: Who are private debt’s top 75 LPs?

Our annual Global Investor 75 ranking shows which investors are committing the most to the private debt asset class.