Opportunistic Credit

The special situations segment is providing an increasing host of opportunities amid growing financing pressures on the continent, say Jakob Kjellberg and Arvid Trolle, co-founders of Njord Partners.

The US-based private markets firm is said to have started fundraising for its latest credit opportunities vehicle.

Investors are increasingly turning their attention towards evergreen structures and more opportunistic strategies as they prepare for a busier year, say Proskauer Rose partners Gary Creem, Michael Mezzacappa and Kelli Moll.

The third fund in the firm’s credit opps strategy held a final close as it announced its full-year results for 2024.

The manager’s debut interval fund is geared to wealthy individuals and will invest primarily in debt securities issued by private companies.

Firm names Kipp deVeer and Blair Jacobson co-presidents as it sees record demand for credit investments.

LP’s recent foray into private credit posted strong returns in 2024, and GPs expect more to come in favourable environment.

The firm’s first closed-end debt fund is now more than half way to reaching its $500m target.

Amid industry optimism on M&A, firm’s head of private debt sees rising need for recapitalisations and refinancings.

Credit Opportunities Fund III is Carlyle’s largest-ever credit fundraise, with ‘robust appetite’ for the strategy.