Research & Data

Carlyle’s credit AUM grew nearly 30% in the last year

The firm’s Q3 report shows private equity growth has been muted compared with other units of the business

Credit investing brings record quarterly origination volume for Apollo

Management fees and total inflows in Q3 were buoyed by growth in the credit unit.

Ares deploys $24.1bn from private credit strategies in Q3

Credit accounted for more than 80% of the manager’s deployment in the latest quarter.

Investors want direct lending and senior positions – BlackRock

Established managers dominate fundraising and expand the addressable class of borrowers, according to a paper by the manager.

Arena Investors and CC Capital to launch insurance and management platform

The two firms have partnered to create Ceres Life Insurance and integrate it with asset management under Westaim’s corporate roof.

IMF raises concerns on private debt valuations and PIK income

Payment-in-kind income as percentage of BDC interest and dividend has risen since 2021.

Asset-backed finance, insurance power KKR’s credit division in Q3

Co-CEO Scott Nuttall sees ABF as a potentially $5trn-plus market for lenders.

KBRA sees a tension in the rating of feeder funds

New report from rater surveys the key legal features observed in rated transactions.

TPG raises $1.8bn for third special sits fund

The fund is said to seek $4.5bn; LP commitments include the Rhode Island State Treasury and Vermont Pension Investment Commission.

Goldman Sachs: LPs are significantly underweight to private debt

Survey shows a mixed bag in investor attitudes toward the asset class, though many intend to increase allocations