Investment Grade Credit

Blackstone’s IG Credit AUM is now $130bn, up 30% year-on-year.

Report says 22 new alternative credit interval funds made a new record for launches, bringing total AUM to $83bn.

Fund targeting wealth platforms will work with extensive network of third-party originators to source investments.

Effective 1 January, state insurance regulators will have more leeway to challenge credit ratings

LPs featured in our Rising Stars 2024 list expect private credit’s fundamentals to maintain their significance over the coming months – though growth is expected in several key areas.

As the private credit investor universe continues to expand, there are myriad opportunities on offer for managers that can handle its increasing complexity, says Nuveen’s chief executive officer Bill Huffman.

Life insurers have shifted from simple asset-liability matching to linking with private equity and illiquid credit investments.

Opening up alternative assets to non-institutional investors, from HNWIs to 401(k) account holders, represents up to $80trn. It’s an alluring pot of capital for an industry with flatlining annual fundraising figures in some asset classes. And yet, multiple headwinds exist, making the journey towards increasing democratisation far from straightforward.

The move to broadly syndicated loans portends a battle over ever-growing mega-deals.

Average mid-market loan and revolver recoveries are down to 66% on a trailing five-year basis.