Fund Managers

Two key trends – and the data to support them

Talk has been growing louder about capital migrating away from the US and the rise of private credit secondaries. Evidence for both has emerged in our latest research.

LA pension CIO confident in private credit despite potential froth

As the $87bn California pension approves change to remove a cap on manager names in the portfolio, CIO Jonathan Grabel says the system doesn’t have unique concern about credit market.

Secondaries arrives in the mainstream

With GP-led deals taking centre stage amid a subdued M&A market and LP thirst for liquidity, private credit secondaries have a big role to play in the asset class’s future. By Daniel Roddick of Ely Place Partners.

Arizona pension sees concerns in default uptick and increased competition

Staff of the $60bn Arizona State Retirement System, a long-time private credit investor, are still mostly optimistic about the asset class amid a push to diversify the programme.

Is junior capital PIK’s innocent victim?

Why the ‘good’ vs ‘bad’ PIK debate is also about junior capital vs senior debt.

LPs put managers under the magnifying glass

Amid the struggles in private markets fundraising, private debt has fared relatively well. But investors have concerns, and that means their manager due diligence is getting more demanding.

Fasanara signs €150m deal with SME lender Teylor

The deal will enable Teylor to expand its lending business across Europe while providing a template for future global ambitions.

Apollo launches private debt sports investment subsidiary

NorthStar’s Al Tylis will become CEO of the venture, which will focus on both debt and hybrid capital investment opportunities.

General Atlantic holds $2bn first close for flagship credit strategy

The North American senior debt fund seeks to find divergent credit opportunities in return for higher yield.

Barings hires first APAC insurance solutions head in team buildout

The asset manager is also recruiting for an equivalent North America role as it looks to raise more capital from insurers.