Direct lending

Manager splits the asset class into two verticals, with Singhal heading direct lending and Shtaingos leading securitised credit.

The fundraise, one of private credit’s largest, has exceeded its target, and includes $14.3bn in commingled and other equity commitments.

The firm has received regulatory approval to offer direct lending to defined contribution pension clients.

Fund targets off-the-run, mid-sized direct lending, stressed and distressed investments in third vintage.

Will the private debt market achieve a soft landing or end up in a crumpled mess? Adil Kurt-Elli ponders the possibilities.

Quarterly redemptions on the interval fund are limited to 5% of NAV, with minimum investments of $25,000.

Fund seeks 90% plus exposure to private credit, and targets US wealth and institutional markets.

Demand for private credit is growing in Asia and offers attractive risk-adjusted returns.

Direct lending deals are getting bigger – but arguably, the most compelling relative value still lies in the traditional or ‘true’ mid-market, say Barings’ Tyler Gately and Stuart Mathieson.