Fundraising

What lies ahead for private debt?

Talent management, bank funding and the rise of artificial intelligence are just some of the issues that private debt players need to contemplate.

AlbaCore appoints Gillam to lead senior direct lending fund

Gillam joins the firm from Goldman Sachs and will be responsible for growing its capabilities in senior direct lending.

KKR, Capital Group file for joint public-private credit funds

The funds build off the two firms’ partnership, which was announced in May.

TPG raises $1.8bn for third special sits fund

The fund is said to seek $4.5bn; LP commitments include the Rhode Island State Treasury and Vermont Pension Investment Commission.

Credit now Blackstone’s largest business

Credit’s $21.4bn in inflows accounted for over half of its total fundraising during the third quarter.

Russell launches private debt fund of funds for professional investors

The fund will offer access to an initial group of seven private debt funds through an evergreen structure with quarterly liquidity.

DOWNLOAD: Fundraising sees Q3 revival

Fundraising bounced back in Q3 with average fund size continuing to increase, according to the latest PDI Fundraising Report.

Are we nearing a credit cycle downturn?

A plethora of pressures point to challenging times for some parts of the private debt market.

Asset-backed finance: Vast opportunity is changing the conversation

It is estimated that the ABF universe totals about $19trn, versus about $1.7trn for direct lending.