Fund Managers

Amid tariffs, Penfund closes on $1.8bn

The fund is the Canadian firm’s first senior debt strategy in 25 years.

Capital Group, KKR receive SEC approval for retail credit funds

The funds join a growing list of credit funds seeking to tap the sizeable market for individual investors

There is still room for new real estate debt fund managers

Despite the lack of deal volume and build-up of dry powder in the sector, there remain parts of the market where borrowing needs are not being met.

The road to the ‘golden age’ starts here

Fundraising in private debt has struggled in recent years, a counter-intuitive development given the high hopes widely expressed for the asset class’s future. In The Private Debt Investor Podcast, Jess Larsen of Briarcliffe Credit Partners says a corner is being turned in 2025.

TPG, Temasek take minority stake in Cliffwater

TPG admires Cliffwater’s long-running status in the retail market through interval funds.

KBRA speaks of lender resilience in three reports

Companies with direct tariff exposure – those that must buy from global sources hit by tariffs – are the obvious candidates for debt default.

Blackstone still confident in investors’ interest in private capital

Manager expresses caution on tariffs, but notes private credit accounted for half of inflows.

Ares names a new co-head of Europe alternative credit

Sehayek succeeds Applebaum, who is no longer with the asset manager; Questa remains the other co-head.

AllianzGI’s APAC head exits after leadership reshuffle

The German asset manager, with around €18.5bn in private credit assets, will lose Desmond Ng in the summer.

Too many boats in the sea, not enough fish in the ocean

In a world of hyper-efficient deal processes, differentiating yourself through proprietary dealflow is becoming more and more difficult, maintains Charlie Perer of SG Credit Partners.