Fund Management

Apollo beats target on a hybrid fund with $6.5bn close

The strategy that sits between debt and equity is seeing increasing demand from investors.

How Neuberger’s ‘first mover’ Japan JV will navigate headwinds

Global headlines around US private credit have prompted many investors to ‘look more carefully’ at different market structures, managing director Yasuyuki Fujita tells PDI.

Blue Owl seeks to reassure investors following Q1 earnings

Co-CEO Marc Lipschultz pushes back on the ‘panic’ narrative, saying it is driven by sentiment, not fundamentals.

The gloves are off in private credit’s PR fight

Blackstone’s Jon Gray took on the negative headlines around the asset class last week. The importance of a staunch defence against the criticism should not be underestimated.

Crescent Cove Advisors holds close on $446m

San Francisco-based manager focuses on growth-stage, mid-market tech with long-term demand.

Investors fly blind into private funds

Adams Street survey finds an expectation of growing allocations from individual investors despite limited awareness of private equity and credit structures.

Saba Capital to expand second-hand liquidity platform for BDCs, interval funds

The hedge fund and activist investor says it will target public and private BDCs at 30% or more discounts to NAV.

Moody’s analysts discuss their outlook downgrade for BDCs

Four factors weigh on the sector: leverage, redemptions, asset quality and the risk of obsolescence by AI.

Ex-Nuveen APAC chief builds new investment firm, eyes GPs

Simon England-Brammer’s new venture, which has been quietly establishing a track record and client base, is open to investing in private credit and private equity via asset managers.