Fund Managers

Sabrina Meng will start in a new role at the British GP next month, Private Debt Investor has learned.

The banks have long had a stranglehold on the credit markets, but the role of private funds is becoming more influential, maintains Julien Thinat, head of distribution and credit solutions APAC, Societe Generale.

Patria’s first Latin American vintage raised $314m, which the company says delivered a nearly 16% IRR.

Investors are not without concerns but are happy to keep increasing their private debt allocations.

Privacore VPC Asset-Backed Credit Fund will be seeded with $250m in capital from CNO Financial and Corbin Capital.

The growth partnership is meant to grow Ferghana Investment Partners’ hybrid capital platform.

The move will expand access to its evergreen credit vehicle to investors in Europe, Asia-Pacific and Latin America.

Economic growth may not be as rapid as the US, but spreads and credit docs may compensate.

PEI Group’s quarterly fund performance reports analyse the state of private markets through the lens of our proprietary data to bring you market insights enriched by our reporting and editorial expertise.