Secondaries

Bridgepoint Credit on why Europe has an edge

Europe’s structural advantages create a compelling opportunity set for private credit investors, according to Andrew Cleland-Bogle, partner and head of direct lending, and Stephen Escudier, partner and co-head of credit opportunities, at Bridgepoint Credit.

Oaktree partners with Pantheon to scale European lending

The deal will see up to €1bn of investment to grow Oaktree’s European direct lending platform.

Cambridge Associates eyes credit secondaries, speciality lending

Singapore-based partner Audrey The sees fast growth in the investment advisory firm’s wealthy client base in Asia and a continued rise in new allocations to private credit.

LPs are worried, but not by the noise

While the vibe at the PDI Europe Summit was largely positive, there are concerns over the asset class, though they’re not the ones currently getting most attention.

Apollo holds $1.9bn final close for liquid credit fund

The manager’s deputy co-head of hybrid, Chris Lahoud, says the current moment is one of heightened volatility.

StepStone alums launch advisory shop to build customised portfolios for smaller LPs

Brey Jones and John McGuinness have formed Thirdpath, an advisory shop focused on constructing customised private equity and private credit portfolios for institutions.

Lazard to expand in infra and credit with Campbell Lutyens acquisition

The $575m deal will create a specialised private capital advisory platform, Lazard CL, with Holcombe Green and Gordon Bajnai named as co-CEOs.

Partners Group on achieving competitive advantage in a hot market

Increased scale, dedicated capital and the rise of GP-led deals are contributing to a secondaries boom, say Callum Smith and Lori Pomerantz of Partners Group, and Marco Busca of Generali Asset Management.

Bid-ask spread most contentious of secondaries’ challenges

Pricing remains the biggest source of friction in secondaries negotiations.

Proskauer: Expanding secondaries buyer universe fuels growth

Credit secondaries has strong momentum but still room for growth and new players, according to Bruno Bertrand-Delfau, Chris Robinson and Mike Suppappola, partners and co-heads of the Secondary Transactions and Liquidity Solutions practice at Proskauer.