Fund Management

WATCH: Why 12-15% return doesn’t seem right

Funds may be doing direct lending deals they are not comfortable with to try to achieve high returns. Andrew Jackson of Hermes urges caution in this two-minute video.

Fundraising boom continues in Q1

The limited partner demand that made 2017 a record-breaking year for private debt capital raising appears to have carried on into 2018.

A dull pitch makes sense in a dangerous world

Volatility is rocking the globe, which means private debt’s safe and steady message should win fans among LPs.

ICG Asia chief Chris Heine to step down in July

ICG’s current head of Australia and New Zealand will take the lead across the Asia Pacific region.

AlbaCore beats target with €1.5bn close

The London-based fund manager has already drawn 70% of its debut fund, which had a €1.0bn target.

Direct lending posted 9% gross return for 2017: Cliffwater index

The industry benchmark showed an almost 10% gross return for the strategy since September 2004.

European deals advance

Deal numbers are up across Europe.

European deal volume up 50% in Q4 2017 – report

Strong lending in the final two quarters of 2017 saw record levels of European deal activity.

AllianzGI, StepStone and Citizens Bank form mid-market lending platform

The partnership will lend to companies with less than $100m in EBITDA.

FS and KKR BDC partnership: Portfolio churn fears and discounts

The new arrangement is all but complete, with the shareholders of all requisite BDCs signing off on the marriage. An upside in their stock price, however, has been outweighed by other factors.