AI

The $1.3trn manager said that it has recorded record fundraising YTD as of 30 September.

But revenue plunged 52% and earnings swung to a loss as higher interest rates weighed on its retirement services business.

Apogem Capital’s Bill Kindorf, co-head of sponsor coverage, and David Kelly, managing director in private credit, explain why insurance and financial services represent a hot sector for lending activity.

Risks and a shortage of suitable assets may limit how much infrastructure’s market share can grow.

An integrated approach to assessing risks associated with geopolitical upheaval, climate change and artificial intelligence is crucial to future-proofing European private credit investing, says Peter Arnold, head of European private markets at LBP AM.

Wealth investors’ involvement in private credit will keep growing but the next phase will reward selectivity and alignment, says Michael Massarano, partner and deputy chief investment officer at Arcmont Asset Management.

European investor appetite is accelerating, strategies are diversifying and emerging managers are gaining ground as private credit enters a new phase of growth, says Michael Dempsey, JTC’s global head of private credit.

As investor demand for diversified portfolios, tailored bilateral structures and more defensive positioning grows, dispersion across private credit managers is becoming increasingly apparent, says James Reynolds, global co-head of private credit at Goldman Sachs Alternatives.

There have been some challenging headlines this year, but Michael Ewald, a partner and global head of the private credit group at Bain Capital, is optimistic about the asset class’s prospects.

SpaceX will lease Nvdia’s latest AI-focused chips in what it calls the largest-ever GPU financing.