Direct lending

Ex-JPMorgan, PIMCO veterans launch private debt manager

The US start-up Firebrand Investors has senior management in place and is working to build out its investment team, Private Debt Investor has learned.

Arini signs origination deal with Lazard ahead of direct lending launch

Arini will utilise Lazard for both origination and to introduce potential investors in the its upcoming fund.

Coller Capital completes $1.6bn LP-led transaction

The secondaries firm has bought interests in 44 senior direct lending funds from American National Insurance.

Investec: The lower mid-market advantage

Strong relationships with borrowers and a deep understanding of their business are required to achieve compelling returns and attractive terms in the lower mid-market, according to Investec’s Callum Bell and Greg Betz.

AlbaCore launches senior strategy with $1.8bn anchor commitments

Commitments from Mitsubishi UFJ Trust Bank and Abu Dhabi’s sovereign wealth fund give the strategy’s first vintage significant firepower.

Fitch: US private credit default rate hit 5.7% in February

Healthcare has been a problematic sector, with a default rate of 7.5%.

Amid a storm of uncertainty, thinking on sustainability is getting sharper

Sustainability-related initiatives are clearly focused on material, impactful, financial objectives, if comments at NEXUS 2025 were anything to go by.

Lincoln Financial taps Bain, Partners Group for private markets funds

Lincoln will partner with the managers to launch two evergreen funds to focus on global private credit and royalties.

LA pension mulls a five-year private credit pacing plan

Adviser RVK recommended raising its private credit allocation to target 5%, or $300m-$400m, per year through 2029.