Direct lending

Reji Vettasseri of wealth manager Decalia says secondaries, growth lending and distress are all areas of interest in today’s hunt for alpha.

The firm’s bet on financing AI and its focus on investment-grade and ABF helped pick up the slack, however.

The fund focuses on core mid-market European deal including non-sponsored transactions.

What affects the decision to invest in a fund other than elements such as manager expertise, performance, underwriting process and fees? Four LPs give their take.

Of the attention-grabbing moments at this week’s DACH Forum, the suggestion that investors lean into risk raised the most eyebrows. We bring you a summary of the event’s major talking points.

The PEI Private Credit DACH Forum heard from academic Sascha Steffen that credits are starting to move seamlessly between the two markets.

The suggested move has much prelude, both amongst other private credit concerns and in Blue Owl’s own recent history.

Sutta is taking over from Jim Moore, who will continue his role as Barings’ head of private placements.

The $5.4bn equity commitments beat the target, but the balance comes from leverage, related vehicles and a GP investment.

The number of private equity, private credit and infrastructure vehicles deemed ‘impaired’ by the SWF has risen 35% year-on-year.