Fund Management

Pemberton’s Credit Opps II reaches €800m at first close – exclusive

The London-based pan-European manager has already made several investments from the fund, which has a final closing target of up to €2bn.

NPLs: Dislocation, dislocation, dislocation

The non-performing loan tinder box has been ‘set alight again’, according to Adrian Cloake of LCM Partners.

Former Fiera Private Debt pros launch direct lending fund

Private Debt Partners, the newly established private debt manager, is targeting $750m in its fundraising.

GIP raises $1.4bn for Spectrum debt fund as final close looms

The firm is on track to amass at least $3bn when it closes its two credit strategies this summer, which will invest in senior and mezzanine debt.

Apollo shifts Fund IX focus to distressed-for-control as PE portfolio plunges

Apollo’s private equity portfolio depreciated by 21.6%, with several vehicles across the platform facing clawbacks.

Brexit, BEPS and private debt: Seven trends in private fund domiciles

Looking to set up your next fund further away from home? A fund domicile expert shares some insight on the latest in cross-border private equity funds.

Tikehau adds a partner to senior ranks for Asia

The French asset manager is expanding its presence in the region with an external hire who will be based in Singapore.

Blackstone racks up first quarter losses in credit business

After suffering the loss of GSO co-founder Bennett Goodman last year, Blackstone’s credit arm has also been hit by the coronavirus.

Private markets managers expect sharp fall in fundraising and distributions this year

While the overall outlook for 2020 is negative, there are sharp variations depending on manager strategy.

Zerobridge’s Kotwal: Rethinking the risk profile of private credit

The firm’s founder and managing partner says recovery rates on what investors thought were secured loans will be very different to historical precedents.