Real estate debt

The UK insurer is talking to managers of collateralised loan obligations as it eyes new areas of private debt. It’s also active in fund finance.

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

Insurer has committed $400m to five private credit managers this year, according to global head of corporate finance John C S Anderson.

Some real estate managers see ABF as a natural extension of their core strategies, rather than a shift away.

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.

Diversification across sectors and asset classes is a key consideration for opportunistic and distressed credit managers, but approaches to portfolio construction differ depending on allocator appetite.

The distressed opportunity set is driven in part by an estimated $936bn of loans slated to mature in 2026.

SMBC has appointed Louis Stride to lead its EMEA private markets capital formation business amid a wider strategic plan.