Investors

Apollo credit funds moving towards monthly NAV reports

Executive outlines an approach to investor jitters involving real-time marks and, beyond that, the use of third-party valuations/modeling.

Standard Life adds two private debt PMs amid in-housing drive

The UK insurer, formerly Phoenix Group, is also seeking a new CIO and has reported 8.6% year-on-year growth of its asset portfolio to £317bn.

Germany’s clarified framework for enforcement and recoveries

How the country’s updated auction rules are starting to shape intercreditor dynamics, enforcement strategies and loss-given-default assumptions in deals involving German collateral. By Dagmar Gold of Deutsche Pfandverwertung

Conflict of interest concern: Valuation of a loan by the borrower

Valuations of Blue Owl’s BDC’s portfolio provided by Kroll have raised concern given Kroll’s close connection to Deerfield, a borrower from those BDCs.

Cliffwater, Morgan Stanley cap redemptions as liquidity requests rise

Cliffwater and Morgan Stanley seek to reassure investors over the health of their funds’ portfolios, while JPMorgan limits lending activity to credit funds.

The AI route to improved underwriting

Traditional metrics may be usurped by new technology, a report suggests.

Aspen Insurance CIO Aileen Mathieson departs

Her departure from the Bermuda-based speciality insurance firm, which has a $6.9bn investment portfolio, follows its recent takeover by Japanese insurer Sompo.

Non-listed BDC fundraising momentum slowing, redemption requests rising: Stanger

NAVs are also rising and redemption requests remain manageable, but challenging times may lie ahead.

BlackRock limits redemptions in non-listed BDC

Redemption requests in HPS Corporate Lending Fund exceeded the usual limit by more than 4 percentage points.

BDC redemptions – déjà vu all over again

We’ve seen this movie before, but that was before private credit became a household term.