Fund Management

Ares sees record fundraising, strong commitments in second quarter

Nearly $20bn of Ares’ $26bn worth of commitments came from its credit business.

Carlyle reports record AUM, credit raises $5bn

The firm’s credit AUM is up 25% year-on-year as it chases an overall $40bn fundraising goal, across funds and strategies, for 2024.

One LP’s concerns over systemic risk

In the latest Private Debt Investor Podcast, Raymond Wright of London CIV tells of his wariness around loans passing from regulated bank balance sheets to an unregulated market. But he has high hopes for the asset class in areas such as asset-based finance and secondaries.

Hayfin agrees management buyout deal with Arctos

The deal will see Hayfin’s management team and Arctos take control of the business, which has built a substantial private credit operation in Europe and North America.

Talk of strategic expansion may be overblown

Regulatory concerns focus on private debt’s perceived growth into new areas – but capital is flowing into an already well-trodden part of the market.

StoneX to launch BSL trading platform

The platform is set to launch in September, and eventually expand into private credit.

Barings loses a round against Corinthia

Court denies motion to prevent another employee from joining UK-based Corinthia.

Self-regulation under the microscope

The overturning of a plan to increase SEC oversight leaves private debt continuing to attract scrutiny from a wide range of organisations – including LPs.