Investors

Appetite for private debt funds continues to grow but managers cannot rest on their laurels as LP demands change fast.

The fund is the manager’s first BDC, and comes nearly two months after acquisition by Rithm was announced

Private debt lead Natalia Shelestovych says the €231bn assets under management reinsurer is considering developed Asia and secondaries as investment opportunities.

Miami confab sees insurance demand, excess cash, containing spread widening.

By appealing to retail and large institutional investors, mega-managers may end up with the lion’s share of capital, with implications for themselves and their investors, writes Cambridge Associates’ Andrea Auerbach.

Investors from German insurer Munich Re to Lithuanian family office Willgrow are jumping into the nascent asset class or considering doing so.

With the retailisation of alternatives set to transform the industry, building brand awareness with individual investors has become a priority for managers.

Private markets’ enthusiasm for the retail space is no fleeting trend, according to data from recent industry studies.

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.

Further technology advances are required to truly unlock the potential of the private wealth market.