Strategies

Brighter Super open to new GP relationships following mergers

The A$35bn Australian superfund’s head of credit, Jason Huang, says private credit is ‘definitely not defensive’ but has an important role in its portfolio.

Flexam holds second close of asset finance fund with €50m from EIF

The fund will follow Flexam’s established strategy of securing loans to SMEs against mission-critical assets.

Oaktree’s Marks encourages Oregon to consider private credit opportunities

The co-chair of Oaktree has suggested the $100bn system should chase private credit sub-strategies.

Partners for Growth takes tech debt to the world

‘If there’s a specific issue affecting one geography, we can lean into others,’ says managing director Armineh Baghoomian.

Gordon Brothers: Leveraging hard assets for long-term resilience

Sponsors and management teams should be proactively monitoring and monetising their hard assets in the same way they do their real estate and financials, say Gordon Brothers’ Norma Kuntz and Frank Morton.

PGIM holds $619m close on oil and gas credit fund

PGIM Energy Partners II focuses on senior and junior debt as well as structured equity investments.

Neuberger Berman launches its first asset-based interval fund

NB Asset-Based Credit Fund is focused on receivables lending, consumer, small business and real asset sectors

Tacoma pension hunts for manager outside direct lending

A Washington pension is turning its attention to asset-backed lending, real estate debt and other strategies as it bolsters new private credit programme in $2.3bn portfolio.

Sound Point achieves $1.1bn first close on Strategic Capital Fund III

The fund manager sees opportunities in a lending space still dominated by banks.

Janus Henderson launches ABS ETF

Widening spreads make the product attractive, key executive says.