Opportunistic Credit

Southern California pension with $9.5bn in assets approves plans for a third year of stepped-down private credit commitments as it draws closer to allocation target

Asset-backed strategies and managers prioritising local origination are best positioned to succeed in Europe as the market grapples with testing macro conditions, says Adam Baghdadi, managing director at Arrow Global.

Private credit returns declined in Q1, but executives blame ‘naysayers’ not fundamentals.

The firm’s Credit Opportunities Fund II collected more than double its target and will primarily invest in secondaries and co-investments

A record first quarter speaks to continued institutional investor enthusiasm for private debt despite concerns on the retail side.

The strategy’s fifth vintage, its largest, raises more than $10bn of investable capital.

The Los Angeles-based manager exceeded the fund’s target fundraise as well as its prior vintages.

Capital solutions strategies afford companies partnerships that are rooted in aligned value creation, with high levels of flexibility, says Blaine MacDougald, partner and co-head of KKR’s Strategic Investments Group.

Toni McDermott, head of credit and lending at Arrow Global, explains why a more hands-on approach to private credit is creating value, especially in stressed markets.