Insurance

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?

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

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

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

Global Credit represents 43% of the company’s $465bn in AUM, helped by diversification beyond direct lending

Mark Jenkins, Carlyle’s head of global credit, will become co-president of the firm alongside John Redett and Jeff Nedelman.

The hiring of Marr from JPMorgan and Suresh from Deutsche Bank comes amid growing insurance appetite for private credit.

Speaking at PDI’s Seoul Forum this week, executives from Hyundai Marine & Fire Insurance, Samsung Fire & Marine Insurance, National Federation of Fisheries Cooperatives and Government Employees Pension Service shared their key criteria for GP selection.

Asset managers are racing to meet investor demand for vehicles that can show positive characteristics to regulators