Direct lending

Powell, Barr and Oaktree on banks and Basel III

Amid the back-and-forth on the proposed banking rules, banks seem committed to a complete withdrawal from below investment grade lending.

Indiana Public Retirement System raises its private debt allocation

The pension fund has increased its debt allocation to 5.4 percent, which has netted a 7.8 percent return year-to-date.

Configure Partners report finds aggressive dealmaking

Lenders are stretching terms amid an overabundance of dry power and too few deals.

ICG closes North America credit fund on $1.9bn

The fund is a direct follow up to its 2018 vehicle and will continue to back mid-market American companies.

Eiffel closes impact-through-ESG debt fund on €777m

Eiffel Impact Debt II uses ESG levers to encourage sustainability improvements and is one of the largest-ever ‘impact’ debt funds; strategy head Antoine Maspétiol tells affiliate New Private Markets how Eiffel navigated the ‘tough’ fundraising environment.

Sound Point Capital closes fund on $1.2bn

Manager’s third direct lending fund nets the strategy’s largest capital commitment and exceeds an internal target.

Denver Employees takes closer look at real estate credit

The system has rebalanced its portfolio, increasing its private real estate debt target and decreasing that of its core real estate by 2% each way.

Ares expands direct lending capabilities through Riverside Credit Solutions acquisition

Three senior members of the credit solutions team will assume leadership roles at Ares’ direct lending operation.