Fundraising

Oaktree hires senior AIA exec to lead APAC insurance coverage

The US private debt manager continues the global buildout of its insurance team with a view to managing more assets for clients in that segment.

Arena closes third special opps fund with over $1bn

With co-investments and other capital, the manager has beaten its billion-dollar target for the flagship strategy.

Crestline closes $3.5bn direct lending fund

Borrowers include both sponsor and non-sponsor backed companies across North America.

Goldman Sachs launches APAC private credit entity

West Street Asia Private Credit Advisors was registered in Luxembourg last month, according to public filings.

Synergy Capital Fund III holds first close on $715m

The third vintage of the Dubai-based credit fund achieves 70% of its target two months after its launch.

BlackRock raids Wellington for US insurance strategy head

The move by the asset management giant, which has around $37bn of private debt investments and $603bn in insurance AUM, reflects a global trend among GPs.

Europe is now front of mind for LPs

The region still has economic and geopolitical challenges but, with negative sentiment around the US, has an opportunity to grow its share of the private debt market.

Blackstone’s European wealth fund gains momentum

ECRED, which was launched in late 2022 amid headwinds in the region, has reached a €2bn fundraising milestone.

Regional guide: Europe’s managers optimistic despite macro challenges

Europe’s strong track record for private credit is cause for celebration, even as increased competition for assets is driving a diversification trend across Europe.