Speciality finance

Castlelake to buy $4bn consumer loans originated by Upstart

Two-year forward-flow agreement deepens a relationship between the two that was forged in 2023.

AllianceBernstein installs APAC head of insurance solutions

The US asset manager has hired David Luo from insurer AIA for what is understood to be a newly created role.

Monroe and AIP close $643m aviation securitisation

The portfolio has a weighted average aircraft age of approximately 5.6 years. This is very close to the average for commercial aircraft securitisation deals.

Partners Group grows royalties AUM to $1.5bn

The firm reported significant growth in royalties investments in the first half of 2026, as investors seek diversification.

SFERs’ strategy weightings, geographical exposure led to private credit misses

Even as the $40bn system deals with short-term underperformance, its pacing into the asset class is expected to increase in the coming years.

How fundraising is defying expectations

Headline numbers and strategic priorities point to strong levels of institutional support, even for areas of the market under scrutiny.

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.

Music investors seek to strike the right note

Investors are attracted by music’s resilience during economic downturns, but are the moats around the sector deep enough?

Shamrock Capital holds final close on $813m media, entertainment fund

The latest vintage of the series, which previously held rights to Taylor Swift’s catalogue, continues its focus on acquiring cashflow-generating assets.

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.