Insurance

Fried Frank: Fund finance 3.0 opens the door to more creativity

Both in terms of its use cases and sources of capital, fund finance is stepping into a new era. Adam Summers and Ariel Zell, co-heads of Fried Frank’s Fund Finance Practice, alongside their new partner John Oberdorf, explain this evolution.

CLOs to suit the cautious and the bold

Collateralised loan obligations are resilient in the face of pressure and offer opportunities should infrastructure spending or merger activity soar in upcoming quarters.

Asian insurer AIA hires new investment consulting head

The appointee joins from rival firm FWD following the previous incumbent Phil Joubert’s move from AIA to Oaktree Capital Management last year.

NAIC eyes new framework for regulatory credit ratings

Effective 1 January, state insurance regulators will have more leeway to challenge credit ratings

Sun Life’s private markets manager targets double AUM under Kalsi leadership

Private real estate veteran Sonny Kalsi is to lead a growth strategy for Sun Life Capital Management, which aims to see its assets under management double to $600bn within five years.

Mitsui Sumitomo to acquire 18% equity in Barings

Mitsui, a subsidiary of Tokyo-based MS&AD Insurance Group, will pay $1.44bn.

Insurers: Levelling up their game

Off the back of a slew of multibillion-dollar M&A deals, what does the future hold for the burgeoning relationship between US insurers and private credit firms?

Carlyle highlights insurance, secondaries and credit in Q3 earnings

The firm’s AlpInvest secondaries unit and private wealth help power its growth in AUM, while its private equity business shrank.

Oaktree launches evergreen credit fund geared to insurers – exclusive

The direct lending fund, which is said to eschew incentive fees, raised $2.35bn at first close.

Janus Henderson sells stake in Victory Park to US life insurer

CNO will take a minority stake in Victory Park and commit $600m to future and existing strategies