North America

Apollo beats target on a hybrid fund with $6.5bn close

The strategy that sits between debt and equity is seeing increasing demand from investors.

Apollo breaks $1trn AUM and moves to report daily pricing for credit

CEO Marc Rowan says the totality of the firm’s credit business will be ‘100% daily pricing’.

LibreMax launches debut interval fund as hedge funds circle private credit

LibreMax Asset-Backed Income Fund targets asset-backed finance and traded structured credit opportunities.

Apollo holds $1.9bn final close for liquid credit fund

The manager’s deputy co-head of hybrid, Chris Lahoud, says the current moment is one of heightened volatility.

Ares brushes off negative sentiment in Q1 earnings

CEO Michael Arougheti expressed confidence for future dealmaking as the effects of the Iran war normalise.

Trade groups dispute antitrust label on creditor co-operation agreements

The groups have submitted an amicus brief saying creditor-on-creditor co-operation is not an illegal cartel and requested that a suit be dismissed.

VCERA’s consultant stresses insulation from negative headlines even as system slows pacing

Southern California pension with $9.5bn in assets approves plans for a third year of stepped-down private credit commitments as it draws closer to allocation target

Credit managers target defence spending

Turbulent geopolitics has placed capital expenditure in the defence industry under the searchlight. PDI explores the role private credit may have in supporting frontline efforts.

Kirkland & Ellis: GP-leds transform the credit landscape

An abundance of capital and opportunity is coming together, say Mark Boyagi, Sean Hill and Ted Cardos, partners in the investment funds practice at Kirkland & Ellis.