Fund Management

StepStone Private Credit Income Fund launches

Quarterly redemptions on the interval fund are limited to 5% of NAV, with minimum investments of $25,000.

Canyon closes two CLOs to raise over $1bn

Canyon Euro CLO 2023-1 is the sixth-largest European deal ever, and the largest in more than six years.

The big retreat from larger loans – or not

Amid a revived broadly syndicated loan market, private debt firms must decide whether to keep competing.

Nassau and Golub form new strategic alliance

Partnership exemplifies recent trend of insurance and private debt firms converging to form synergies.

BlackRock adds senior role for Spanish and French private credit

Camille de Lamotte will join the firm from Goldman Sachs to lead Spanish activity and co-head French deals.

The impact conversation is moving beyond SFDR

Impact and SFDR classification has always been an awkward marriage. It’s no surprise sophisticated market actors are moving away from it.

Why allocations are waiting in the wings for ABL

The next wave of private debt is just starting to build – and it’s called asset-based lending. But supply of GPs is not yet keeping pace with demand from LPs.

Barings re-hires Shettle following mass staff departure

A brief truce between the asset manager and rival start-up Corinthia has broken down, with motions to dismiss a Barings lawsuit filed.

Why hedging rates has become a wild ride

Lenders accustomed to the ultra-low rate environment have had to adjust quickly to very different circumstances.

Aflac unit buys 40% stake in direct lender Tree Line

Tree Line’s ‘underwriting discipline’ attracted the insurance giant in its pursuit of exposure to mid-market direct lending.