Direct lending

Management fees and total inflows in Q3 were buoyed by growth in the credit unit.

Credit accounted for more than 80% of the manager’s deployment in the latest quarter.

Established managers dominate fundraising and expand the addressable class of borrowers, according to a paper by the manager.

An evolving investor base is creating an environment in which private credit can flourish, says abrdn Investments’ head of private credit Neil Odom-Haslett.

For those willing to build scale and adapt to local idiosyncrasies, Asia-Pacific has a lot to offer, according to Barnaby Lyons, a partner and the global head of special situations at Bain Capital, and Andrew Schantz, a partner in Bain Capital’s private credit team in Asia.

Shane Forster and Justin Hooley, Asia-Pacific portfolio managers at Barings, explain why this segment of the direct lending market offers a compelling growth story.

Direct lending is gaining traction with investors seeking more private deals with creative structures, say InterVest capital partners’ Michael Gontar and Steven Tenenbayev.

Increasing flexibility surrounding liquidity options is leading to a host of new opportunities for private credit investors, say Partners Group’s Andrew Bellis and Lori Pomerantz.

Gillam joins the firm from Goldman Sachs and will be responsible for growing its capabilities in senior direct lending.

The funds build off the two firms’ partnership, which was announced in May.