United Kingdom

Amyn Pesnani and Matthew Turner at Triton Partners explain why thorough due diligence and risk underwriting are so crucial to offering a differentiated approach to European credit investing.

The UK insurer is talking to managers of collateralised loan obligations as it eyes new areas of private debt. It’s also active in fund finance.

The deal, which will form a life and pensions giant with a £480bn-odd asset portfolio, reflects the trend for consolidation among both LPs and managers.

A record first quarter speaks to continued institutional investor enthusiasm for private debt despite concerns on the retail side.

The fund beat its target and expects to make more than 50 loans to European borrowers.

The local government pension pool, with an asset portfolio set to expand to £110bn, has completed its alternatives leadership team, Private Debt Investor has learned.

The UK insurer, formerly Phoenix Group, is also seeking a new CIO and has reported 8.6% year-on-year growth of its asset portfolio to £317bn.

Private credit managers are expanding the menu of products and structures they offer as borrowers seek out further flexibility and creativity, say Latham & Watkins’ Stelios Saffos, Dan Seale, Alfred Xue and Peter Sluka.

Schroders Capital, the private capital arm of Schroders, manages more than $25bn in private equity assets.

Partnership to focus on hybrid, public/private and debt investing. Apollo sees strong growth in earnings from fees and spreads.