Fund Managers

New York Life and Candriam acquire majority stake in Kartesia

The deal sees the existing minority shareholder take 80% of the European private credit business.

Ares loses Asia credit fundraising lead

The head of Asia product management and investor relations at the $623bn private market GP is moving on, Private Debt Investor has learned.

BNP Paribas: ‘Alternative” evergreen structures attract institutional investors

Run-off evergreens and rolling vintage umbrella funds are giving LPs more flexibility than traditional closed-end drawdown funds.

CalPERS wants its GPs to do better on transparency

More visibility on portfolio company data will help the $613.7bn US pension better manage its risk, according to CEO Marcie Frost.

Fairfax times the cycle with a bet on a manager intent on scaling its credit business

Kennedy Wilson has steadily built its real estate debt platform alongside its global equity presence ahead of its privatisation by the Canadian insurer.

Arcmont almost doubles size of previous capital solutions fund

The Nuveen affiliate has collected €1.5bn for the second version of the strategy, which targets complex credits.

Eldridge closes on lease facility with ProPetro Energy

ProPetro, doing business as PROPWR, targets 750MW to be delivered by 2028.

Washington pension board expresses credit concern amid build-out

The CIO has reassured the board that the pension is ‘not in a hurry’ to add private credit exposure, despite planning a new programme for the asset class.

Blue Owl halts quarterly redemptions in a non-traded BDC

The manager sells $1.4bn of loans in three BDCs and gates Blue Owl Capital Corp II.

The increasing visibility of stress

The BDC market provides a window into more challenging conditions, while maturity walls may force restructurings.