Asset-backed finance

Carlyle Global Credit posts record fee-related earnings as it expands ABF, insurance

Global Credit represents 43% of the company’s $465bn in AUM, helped by diversification beyond direct lending

Apollo’s credit unit drives record quarterly inflows and fee earnings

IG credit and ABF, as well as CLO management, part of the unit that represents 82% of AUM, contribute to the results.

KKR raises $6.5bn for ABF fund, beating target

The firm, alongside PIMCO, announces partnership with Harley-Davidson Financial Services.

San Bernardino pension sees potential for outperformance in European debt

After exploring Europe’s credit landscape, the $16bn Californian pension is looking to add a manager targeting an overseas strategy this fall.

New York State CRF invests $200m in music royalties fund

Pension expands its entertainment royalty portfolio with investment in a Primary Wave music fund.

Family offices sharpen focus on private debt

The asset class is attracting growing attention from family investors amid volatility and high interest rates. PDI examines which strategies are being employed.

PPF’s Mistry on how to avoid knee-jerk reactions

Pension Protection Fund, a UK organisation that offers refuge for pension schemes transferred from insolvent parent companies, has got used to navigating its way through volatility. Sanjay Mistry, the firm’s head of alternative credit, outlines its adaptable approach.

Chicago Teachers’ Pension Fund formalises private debt allocation

CTPF’s private debt target allocation will be phased in over a 36-month period beginning 1 July.

Carlyle, Citi form asset-backed finance partnership for fintech lenders

The partnership formed following Carlyle’s September purchase of home equity sharing company Unison.

Aware Super looks to US and Europe as private debt performs strongly

Australian superfund Aware Super is one of the largest domestic players in the asset class Down Under – and continues to deploy capital through GPs overseas.