Junior Debt

Waterton closes $1.7bn multifamily fund with credit angle

The Chicago-based firm joins a growing list of managers targeting distress.

TRS of Louisiana’s private credit allocation could triple for fiscal year 2025

Teachers Retirement System plans to allocate as much as $1.2bn for distressed debt and direct lending.

Blackstone registers multi-asset credit fund with SEC

The interval fund seeks to invest across the manager’s credit platform.

Dwight Scott, of GSO and Blackstone, retires

The retirement comes not quite a year after the industry veteran became chairman of Blackstone Credit and Insurance.

Equita launches third credit vehicle as Fund II completes investments

The firm’s third fund will seek to raise €300m and expand its geographical footprint in Europe.

L&G offers private markets to 5.2m pension members

The move is the latest to offer private markets funds, including private credit, to a wider range of mass market investors.

Growth opportunities: Junior capital

Junior debt is helping to bridge pricing gaps and refinance stretched capital structures.

Churchill Asset Management: The portfolio effect

Platform deal volumes may still be down, but portfolio-based activity is keeping lenders busy, say Churchill Asset Management’s Jason Strife and Mat Linett.

Park Square: Junior debt opportunities are set to shine

The reopening of syndicated loan markets is creating huge opportunities for junior debt lenders, says Park Square’s Robin Doumar.

Manulife IM targets APAC wealth channel with evergreen credit offering

Raising capital from wealthy individuals requires ‘a lot of support, a lot of handholding, a lot of guidance, a lot of education’, senior managing director Alex Catterick tells PDI.