Strategies

The big divide: How Europe and America’s private credit markets are parting ways

As North American private credit reels from scathing headlines, Europe appears relatively insulated. Have the asset class’s two most important regions gone their separate ways?

How Asia-Pacific’s character is changing

We noted key takeaways from this week’s Private Debt Investor APAC Forum in Singapore.

White Oak launches £1.5bn strategy for UK industrial lending

The firm hopes to address a shortage of funding for businesses focused on key areas of manufacturing and industry.

European insurers eye bigger private debt allocations

Sweden’s LF, the Netherlands’ NN Group and UK firms Pension Insurance Corporation and Foresters Friendly Society are exploring new opportunities in illiquid credit.

New CalPERS private debt head suggests program is well-positioned for stressed climate

Staff at the $620bn California pension expect the new and increasingly diversified program to perform well amid software exposure concerns and redemption pressure headlines.

Canyon hires former ATLAS SP CEO to lead ABF venture

Management, Daiichi Life Insurance and Korea Investment Holdings will provide permanent capital with more than $5bn annual origination capacity

Ares closes Pathfinder III at increased $8.5bn hard-cap

The asset-based fund beat its target and raised $12.7bn of investable capital including commitments extended from the prior vintage.

Amid cautious foray into private credit, WSIB’s consultant confident in timing of program’s launch

Washington heard from its consultant, Albourne Partners, that ramping up a private credit allocation in a stressed market may allow for stronger documentation and higher spreads.

Goldman Sachs AM appoints new co-head of APAC client solutions

The US firm has hired an executive from JP Morgan, as insurers and other allocators continue to push into private credit, Private Debt Investor can reveal.

Q&A with Cambridge Associates’ Audrey The

Cambridge Associates’ Asia team is focusing more on asset-based finance, lower mid-market direct lending and speciality lending, with an eye on regional diversification.