Direct lending

Oak Hill and parent company T Rowe Price expect to manage some of Aspida’s assets

The firm said its fundraising shows there is strong demand for private credit among wealthy individuals.

Pension raises target from 1%, and prioritises senior direct lending, with ventures into real assets and structured credit.

The tokenised feeder fund represents the next step in Apollo’s private markets democratisation efforts.

The fund has begun investing and will target borrowers with $50m-$100m in EBITDA.

The London start-up looks to mid-market leveraged buyouts and receives SMA commitments.

Pension fund is looking to nearly double its private debt allocation to 10% over the next three years.

Insurer will control US manager MGG, and its JV with Natixis will create Europe’s largest asset manager by revenue.

Deal numbers are already climbing, and a mixture of further bank disintermediation and changes in private equity sentiment are likely to lead to more transactions in 2025.