Acquisition

Hercules reports record $2.7bn originations in H1

Amid general decline in originations, tech lender’s CEO credits firm’s relationships, discipline and support for its growth borrowers.

Collateral backing makes Asia-Pacific a solid bet

Attendees at the PDI APAC Forum heard about the security inherent in many deals in the region, challenging preconceptions around risk.

MetLife IM shuffles insurance solutions heads after merger

The US asset manager has shaken up its insurance team leadership after acquiring rival PineBridge, with its international solutions head departing.

Woes continue at FS KKR: Enhancement actions announced

JPMorgan cuts exposure to the publicly traded BDC after downgrades and stock price dive.

Korea’s NPS and ASX-listed Pinnacle increase stake in Metrics

NPS, through a partnership with Townsend, will take its stake in the Australian private debt GP to 9.9 percent, with Pinnacle increasing its share to 35 percent.

Ares, Antares close $1.7bn continuation vehicle

CV will comprise over 300 first-lien loans originated and managed by Antares.

Manager M&A spree raises diligence issues for LPs

Fund allocators such as Goldman Sachs’ External Investing Group and Allianz Global Investors are increasing focus on rising private debt GP consolidation.

Fairfax times the cycle with a bet on a manager intent on scaling its credit business

Kennedy Wilson has steadily built its real estate debt platform alongside its global equity presence ahead of its privatisation by the Canadian insurer.

P10 to acquire Stellus Capital for $250m consideration

Initial $250m consideration is composed of $125m in cash and $125m in units of P10.

Public BDC performance may prompt pivot to interval funds

Alternative managers have an expanded arsenal compared with the last time public markets soured on BDCs.