Fund Management

Adams Street calls for greater transparency from BDCs and interval funds

The manager outlines six key metrics to replace simple reassurance, saying they will stem the tide of investor redemptions.

The illiquidity crisis: Democratised and distressed

Matthias Kirchgaessner examines retail redemption stress, institutional contagion channels and the broader repercussions for the private credit market.

Carlyle interval fund limits outflows after 15.7% of assets requested for redemption

The firm said that redemptions were not motivated by fundamentals, but by a broader trend of investors seeking liquidity from funds elsewhere.

Ares names new Asia credit head

An ex-Goldman Sachs executive will succeed Edwin Wong, with new co-heads for the Asia special situations strategy also in place.

Barings BDC joins peers in gating redemptions after 11.3% is requested

The manager says redemption gates allow the non-listed fund to ‘preserve portfolio integrity and continue deploying capital’.

How asset-based finance is finding its role in commercial real estate portfolios

Some real estate managers see ABF as a natural extension of their core strategies, rather than a shift away.

Strategy guide: Downside protection

Resilience is the name of the game when it comes to organising downside protection in distressed strategies.

Strategy guide: Portfolio construction

Diversification across sectors and asset classes is a key consideration for opportunistic and distressed credit managers, but approaches to portfolio construction differ depending on allocator appetite.

Strategy guide: Investor reporting

Standardisation may be a challenge in opportunistic credit and distressed debt, but LPs recognise the value of transparency.

Ares, Antares close $1.7bn continuation vehicle

CV will comprise over 300 first-lien loans originated and managed by Antares.