Private Wealth

A run on redemptions in the private credit world has highlighted the importance of diligencing gating mechanisms in fund finance facilities.

The growth of securitised products is attracting more investors into the space.

Blackstone, in an SEC filing, says the recent departures of BDC executives were not due to disagreements; Marshall will be sole BDC CEO.

Geared to private wealth clients, the end funds will combine public and private assets and have limited distribution at first.

Cambridge Associates’ Asia team is focusing more on asset-based finance, lower mid-market direct lending and speciality lending, with an eye on regional diversification.

Singapore-based partner Audrey The sees fast growth in the investment advisory firm’s wealthy client base in Asia and a continued rise in new allocations to private credit.

According to some, the future is at stake (and perhaps be worried if your firm name begins with ‘B’), but there is little in the way of evidence that private credit faces a crisis that spans the entire asset class.

The strategy that sits between debt and equity is seeing increasing demand from investors.

PDI spoke with the organisation’s founder and CEO Alex Davies about offering individual investors access to ‘opportunities that are just not available on the listed markets’.