Fund Managers

Blue Owl’s Lipschultz seeks to quell fears of ‘red flags’ in software portfolio

As the firm reports record AUM, executives on the earnings call say only 8% of AUM is in software lending, with strong loan-to-value ratios.

Ares posts record AUM, driven by direct lending fundraising

While the firm’s fundamentals were solid, investors cautious about private credit’s future punished Ares’ shares.

Why BDC troubles might be hard to shake off

The business development company market in the US is already coming under pressure – and a high exposure to the software sector may make things worse.

P10 to acquire Stellus Capital for $250m consideration

Initial $250m consideration is composed of $125m in cash and $125m in units of P10.

Credit manager M&A spree raises diligence issues for LPs

Fund allocators such as Goldman Sachs’ external investing group and Allianz Global Investors are putting more focus on rising private debt GP consolidation.

Eurazeo and Pantheon complete €480m credit CV

The deal is the second between the two firms to provide liquidity to Eurazeo’s LPs while maintaining continuity for borrowers.

Specialisation and mega-deals set to prosper

Firms are bifurcating between serving large private equity-backed deals or looking at more niche specialist concerns to stand out in a competitive market.

Eldridge closes credit fund via secondaries led by Carlyle AlpInvest

Inaugural vehicle anchored by Carlyle AlpInvest raises $1.5bn and enables Eldridge to manage third-party capital.

Investment-grade credit in focus for Blackstone’s 2025 earnings

Blackstone’s IG Credit AUM is now $130bn, up 30% year-on-year.