Fund Managers

Positive signals are seeing lenders look ahead to next-gen retail

Spreads on newly originated retail loans were largely stable in the third quarter, according to Trepp research.

Davidson Kempner argues it’s time to pivot to asset-backed finance

As recovery rates plunge, a new report points to second-lien mortgages, European SME ABF and US equipment finance as areas of opportunity.

Default interest rates under scrutiny

The enforceability of default interest clauses has long been a critical issue for lenders and investors in the private debt market. Donna Newman and Peter Sequeira of Stephenson Harwood examine the lessons from Houssein v London Credit.

Park Square raises €722m for European Loan Partners III

The fund is part of a joint venture with SMBC and aims to have €5bn of total deployable capital.

TPG holds $6.2bn final close on third special sits fund

The fund, launched in 2023, exceeded s $4.5bn target, and will focus on both public and private firms.

Talent, insurance and retailisation: Looking to 2026

Private credit is the ‘centre of gravity’ for capital formation labour markets, according to Jensen Partners.

The stress test is just the beginning

With the first details of the BoE stress test now emerging, firms had better get ready for a surge in interest from regulators.

Bank of England confirms private market stability test details

The UK’s central bank has published details of its upcoming stress test of private credit markets and confirmed some of the firms taking part.

Why managers may struggle to cope with the demands of ABF

Recent bankruptcies have highlighted the need for extensive due diligence and, also, post-deal monitoring of risk in asset-based finance. Are relative newcomers to the space sufficiently equipped?

Arrow closes RE debt fund at €1.5bn

The firm has also received a further €2.7bn for its European opportunistic credit strategies.