Speciality finance

Those in the market say royalty-based financing is definitely not ‘repackaged credit market beta’. But how is the alpha achieved?

Launched with Morningstar’s blessing, the firm’s February securitisation has 435 underlying loans.

BXCI makes a minority investment in the alternatives manager.

The latest fundraise beats its target and brings the second vintage of the strategy to $9bn.

The two firms have partnered to create Ceres Life Insurance and integrate it with asset management under Westaim’s corporate roof.

NHTV operates as a special situations fund, occasionally delving into asset-backed finance.

The fund will offer access to an initial group of seven private debt funds through an evergreen structure with quarterly liquidity.

Maryland pension executive Mike Fang will be one of the leading investor lights at our PDI New York Forum next week. His organisation has a reason for avoiding plain vanilla lending.

The firm has seen appetite for its first developed markets impact credit fund from pensions and insurers, head of impact strategy Diane Mak told New Private Markets.

Asset-backed lending taps underlying loans that were previously the domain of banks.