Fund Management

Private credit funds risk having fewer options for liquidity than before if other banks follow the Wall Street mainstay’s lead.

Cliffwater and Morgan Stanley seek to reassure investors over the health of their funds’ portfolios, while JPMorgan limits lending activity to credit funds.

Traditional metrics may be usurped by new technology, a report suggests.

We’ve seen this movie before, but that was before private credit became a household term.

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

The Nuveen affiliate has collected €1.5bn for the second version of the strategy, which targets complex credits.

The CIO has reassured the board that the pension is ‘not in a hurry’ to add private credit exposure, despite planning a new programme for the asset class.

The BDC market provides a window into more challenging conditions, while maturity walls may force restructurings.

The banks have long had a stranglehold on the credit markets, but the role of private funds is becoming more influential, maintains Julien Thinat, head of distribution and credit solutions APAC, Societe Generale.

Investors are not without concerns but are happy to keep increasing their private debt allocations.