Fund Managers

The first vintage fund fell short of its target, but the latest fund doubled its $1.5bn target and hit its hard-cap.

Core managers extol the virtues of structural control, but upper mid-market peers say they lack differentiation.

Having reached new heights, global private credit fundraising for closed-end funds may be slowing. Equally, this might be missing the main story.

The firm will focus on senior opportunities in the mid- and upper-mid-market as part of its plans to rapidly expand investments in Europe.

The firm’s second infrastructure credit fund will invest across the capital structure, with a third vehicle already in the works.

As banks sell US consumer loans and insurers bid up prices, private credit managers are split between leaning in, staying underweight and waiting for distress.

But revenue plunged 52% and earnings swung to a loss as higher interest rates weighed on its retirement services business.

Significant risk transfer may be one of private credit’s top strategies, but BNP Paribas Asset Management Alts’ Deborah Shire says size is what gets you in the door.

The deal is being led by Carlyle’s ABF team, which manages roughly $12.1bn in assets.