Asset-backed finance

Behind NMSIC’s private debt pacing plan

New Mexico’s sovereign wealth fund wants to put more than $1bn toward private debt per year.

Apollo plans to have $1.2trn credit AUM by 2029

The New York-based firm is also planning $275bn in origination annually by 2029.

Blackstone hires private credit veterans for infra and asset-based group

The firm says the new partners will help fuel continued growth of its infra and asset-based credit platform.

Asset-backed finance: Vast opportunity is changing the conversation

It is estimated that the ABF universe totals about $19trn, versus about $1.7trn for direct lending.

Moody’s: Apollo, State Street ETF proposal raises questions of liquidity mismatch

If the SEC approves it, the success of this novel ETF could influence the creation of others like it

Indiana Public Retirement System raises its private debt allocation

The pension fund has increased its debt allocation to 5.4 percent, which has netted a 7.8 percent return year-to-date.

Carlyle, North Bridge form C-PACE loan venture

The partnership will provide $1bn of commercial property loans in the US.

RoundShield closes ABL fund on over $1bn

RoundShield closes its fifth fund on $1.01bn, surpassing its target, as it eyes opportunities in European asset-backed private credit across real asset sectors.

Insurance capital: Rich rewards for those that can step up

A huge pool of insurance industry money could be headed for private debt but there are many levels of complexity for fund managers to navigate. Insurance and debt insiders talk to about the potential benefits and challenges of partnering up.