Economy

CIBC’s asset management arm launches private credit fund

The bank’s asset management unit offers exposure to senior secured, floating rate debt.

Blackstone raises $5.9bn for opportunistic credit fund

The manager’s Capital Opportunities Fund V has a $10bn target and not held a final close.

Los Angeles pension sets $550m private credit target for 2026

LACERS has set in motion a plan to grow allocation to the asset class from 1.9% to 5.75%.

Coller Capital wraps up Fund IX raise on $12.5bn hard-cap

The firm hauled in $17bn across secondaries funds, evergreen vehicles and separate accounts in latest fundraising cycle.

Barings launches Infrastructure CLO at $508m

Manager sees an inflection point for infra lending via CLOs that marks a turn away from the banks.

Positive signals are seeing lenders look ahead to next-gen retail

Spreads on newly originated retail loans were largely stable in the third quarter, according to Trepp research.

Bank of England confirms private market stability test details

The UK’s central bank has published details of its upcoming stress test of private credit markets and confirmed some of the firms taking part.

Smoke signals: Lessons from First Brands and Tricolor

The spotlight should be on due diligence as recent company failures raise questions about the scale of problems facing private debt, writes Matthias Kirchgaessner.

Questions linger as Wall Street readies for 401(k) blitz

The moment alternatives managers have awaited for years is finally here – but the push for retail assets will not be as straightforward as some might assume.