Fund Management

BridgeInvest Specialty Credit Fund IV has an equal split of foreign and domestic LPs.

The retirement comes not quite a year after the industry veteran became chairman of Blackstone Credit and Insurance.

Everyone wants to get involved with private debt these days, but that includes the regulators.

VPC brings an asset-backed business and litigation finance to the table.

Sophisticated lenders may not have been caught so flat-footed by a JCrew transaction after all.

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

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.

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.

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.