Fund Management

The firm has grown quickly since it was founded a little more than three years ago and now has two BDCs that manage much of its capital.

Future is unclear for the Brisbane-based asset manager as receivers are appointed after ‘significant instability and uncertainty’ at Blue Sky.

A Morgan Stanley investment fund has become a new shareholder as part of the fundraising exercise.

Sophia Damianou, who will oversee business development for the region, joins the firm from a London-based hedge fund.

Organisation finds emerging market strategies to have lower leverage levels and higher targeted returns than those aimed at established jurisdictions.

While many funds wrap up cleanly, a lot don’t, and lenders are left to navigate how to deal with leftover loans and investor commitments.

The BDC’s asset-based investments are targeting an unlevered gross return in the mid-teens, with commitments made in the first quarter to an aircraft leasing company and a mortgage lender.

Many in private markets seem content with market conditions, but it wouldn’t take much for a temporary wobble to become a longer-lasting problem.

The borrower-friendly market was the source of many observations at the annual gathering of private equity professionals, private credit managers and service providers in those industries.

The firm pushed its AUM up to $136.7bn on the back of another quarter of robust fundraising.