Fund Management

The firm accuses them of contractual breaches and using confidential information to draw clients to their new venture at Corinthia Global Management.

More than 20 team members, including senior staff, have left Barings to join newly founded private credit manager Corinthia.

Given the shock of the new rate environment, some borrowers will experience problems, according to Howard Marks. He thinks talk of systemic risk is exaggerated though.

Gray tells PEI Group’s NEXUS conference that corporate and real estate debt are the fastest growing assets of the firm.

As the Middle East grows in significance as a source of capital, and travel continues its post-covid revival, Asia-based GPs are hoping they can find backing for the region’s big investment themes.

The industry veteran doesn’t believe private credit will bring down the system, but some managers will struggle in a higher-rate environment, he told attendees at PEI Group’s NEXUS 2024 summit.

The manager’s deputy CIO for global credit, Justin Plouffe, will add direct lending to his responsibilities, as global credit becomes biggest segment.

Barclays sells $1.1bn in credit card debt to Blackstone’s asset-based finance group in latest deal to reduce risk assets.

AIFMD II lays down some practical challenges for private debt fund managers. There may be a lot more of this type of intervention in future.

The initiative’s applicability to both GP and portfolio companies means it is emerging as a ‘gold standard’ in private markets.