Direct lending

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

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

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.

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

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.

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

Convergence in the upper mid-market is creating opportunities, say Kevin Lawi and Christopher Kempton of the Credit Investments Group, UBS Asset Management (formerly Credit Suisse Asset Management).

Differentiation has become the buzzword as institutional LPs look to build out their private credit strategies.

Bryan High, head of Barings’ Global Private Finance Group, reveals where he sees direct lending heading in the rest of 2024.