Direct lending

Net proceeds near C$1bn to be redeployed as the market for NPL portfolios changes.

The Chicago-based manager beat its target fundraise, deploying 30% of the fund’s commitments as of the final close.

According to some, the future is at stake (and perhaps be worried if your firm name begins with ‘B’), but there is little in the way of evidence that private credit faces a crisis that spans the entire asset class.

While the vibe at the PDI Europe Summit was largely positive, there are concerns over the asset class, though they’re not the ones currently getting most attention.

Global headlines around US private credit have prompted many investors to ‘look more carefully’ at different market structures, managing director Yasuyuki Fujita tells PDI.

CEO Marc Rowan says the totality of the firm’s credit business will be ‘100% daily pricing’.

The Sydney-based superannuation fund is continuing to diversify both geographically and strategically, attendees at our Europe Summit heard.

The asset class offers a vital channel to borrowers during periods of stress, argues the global head of the Alternative Credit Council.

CEO Michael Arougheti expressed confidence for future dealmaking as the effects of the Iran war normalise.

Southern California pension with $9.5bn in assets approves plans for a third year of stepped-down private credit commitments as it draws closer to allocation target