North America

Delaware bankruptcy court ruling favours distressed debt investors

The latest twist in trucking company Yellow’s litigation may bring some relief to funds holding debt of firms engaged in pension controversies.

10 key trends: Changing dynamics in US credit

The prospect of a rising default rate in the US is opening new avenues around liability management solutions.

Blue Owl to pay $1bn total for insurance exposure in KAM, Kuvare deals

Purchase of boutique manager and life and annuity business adds $20bn to the firm’s AUM.

Goldman Sachs on plans to more than double credit platform

The firm reported a 51% jump in its private credit fourth-quarter earnings year-on-year.

Jiří Król: How to protect a mutually beneficial match

The NAIC has proposed changes that would create barriers or remove incentives for insurers to invest in private credit.

Dai-ichi invests more than $1.5bn for Canyon Partners deal

The majority of the giant Japanese life insurance group’s investment is as an LP; it also takes a 19.9% stake in the credit-orientated manager.

Barings secures injunction against former employees and Corinthia

A temporary injunction has been granted to prevent former Barings employees from using its confidential information to solicit clients.

CalPERS and CalSTRS to boost private credit allocations

CalPERS is adding 3% and CalSTRS 2% to private credit; the public equity allocation at both pensions will decline.