Fund Managers

Medallia taken over by Blackstone-led creditor group

The creditor trio will inject $150m to reduce Medallia debt, in addition to $500m from the company to invest in AI efforts.

Light at the end of the tunnel for M&A

The new deal market has been hampered by negative internal and external factors, but there are signs they may be easing.

Loan Note: Connection private clients target higher return profile; credit secondaries has $80bn target

Higher interest rate environment sees private wealth target capital solutions. Plus: credit secondaries momentum set to continue; and questions around stickiness of retail capital. Here’s today’s brief for our valued subscribers only.

Private credit sharpens focus on climate’s missing middle

Recent moves by Lightrock, Nest and Galvanize offer signs that the private credit market is starting to bridge the climate financing gap, but there is still a long way to go.

PGIM: The view from Down Under

Mike Jones, managing director and head of Australia private credit at PGIM, says that growth has slowed somewhat as the country’s big banks remain active, with patience vital.

Ares and Clearstream pen deal to expand wealth manager access

The deal will make Ares’s private markets products available to a wider range of wealth managers.

Blue Owl’s liquidity event: The OTF notes

The top three exposures in the publicly traded technology BDC are software, software apps and healthtech.

The two “D’s” – a new era of dislocation and dispersion

This week’s publication of our latest fund performance data was a reminder that strong returns can be made in troubled times.

MetLife IM shuffles insurance solutions heads after merger

The US asset manager has shaken up its insurance team leadership after acquiring rival PineBridge, with its international solutions head departing.

Moodys shifts outlook of Blackstone, Golub public BDCs to negative

Both BDCs will retain their investment-grade ratings despite the pessimistic near-term outlook.