Strategies

Churchill launches capital solutions strategy: Noah Charney to lead

Manager anticipates an exclusively PE-sponsored, mid-market portfolio of high-quality companies that need some extra support.

SEC zeroes in on private funds valuations

Examiners ask about funds by name in opening requests. Enforcement has picked up the scent, too, Private Funds CFO has learned.

Apollo’s capital solutions business drives record fees in Q2

New York-based manager’s origination machine has grown AUM by 25% in one year to $1.05trn.

Ares posts strong fundraising, deployment in Q2 despite BDC withdrawals

Ares Management raises a record $36.4bn in capital and deploys $36bn

Castlelake to buy $4bn consumer loans originated by Upstart

Two-year forward-flow agreement deepens a relationship between the two that was forged in 2023.

Private credit’s asset-backed pivot

Scrutiny over software, BDC liquidity diverting managers’ attention back to what could be a $20trn market.

AllianceBernstein installs APAC head of insurance solutions

The US asset manager has hired David Luo from insurer AIA for what is understood to be a newly created role.

Monroe and AIP close $643m aviation securitisation

The portfolio has a weighted average aircraft age of approximately 5.6 years. This is very close to the average for commercial aircraft securitisation deals.

SFERs’ strategy weightings, geographical exposure led to private credit misses

Even as the $40bn system deals with short-term underperformance, its pacing into the asset class is expected to increase in the coming years.

Market conditions: Goldman challenges negative sentiment

Despite a wave of negative coverage, Goldman Sachs Alternatives argues private credit fundamentals remain strong, with attractive spreads and growing opportunity sets.