Fund Management

Ares raises $1.4bn for debut US direct lending private fund

The southern California-based alternative lender raised $11.4bn for its credit platform, aided by the close of its latest European direct lending fund.

Apocalypse now as no-deal Brexit looms

Private debt managers are being forced to consider the consequences of what once seemed unthinkable – the UK crashing out of the EU with no trade agreement.

Financing the Mittelstand – whose role is it anyway?

With over 1,000 local banks, Germany has been a tough market for debt funds to crack, but partnerships offer a way forward.

ARCC ups dividend for first time since Q3 2012

Ares Management’s BDC, which saw net outflows from its portfolio, experienced strong realised and unrealised gains of 22 cents a share.

Barings, AllianceBernstein look to reach HNWIs

The two asset management behemoths plan to tap an additional investor outlet.

Carlyle to divert $2.4bn of insurance assets to credit

The firm is acquiring a 19.9% stake in DSA Reinsurance from AIG in a deal that includes $6bn earmarked for Carlyle funds, the plurality of which will go to credit.

Judo raises A$140m for Australian SME lending

Melbourne-based Judo was founded by an experienced team of bankers.

EXTENDED INTERVIEW: Banks lending to B-rated credits is not sustainable

PDI talks to Jürgen Breuer, head of origination for Austria, Germany and Switzerland at Pemberton, about bank lending in the region.

Alt asset managers find buyers ready to snatch up minority stakes

More private fund managers that oversee closed-end funds are selling portions of their firm to finance product growth, succession or larger GP commitments.

Concern over EBITDA multiples

Highly leveraged deals have rapidly increased in number, and investors should be concerned.