Andrew Hedlund
The firm’s shadow AUM was also dominated by credit, aided by the $3.2 billion junior debt fund that has yet to be activated.
The capital will go toward both performing and distressed credit.
The new $2.5bn vehicle has the same delayed drawdown provision as Fund I.
Private debt has proved it is capable of scaling up quickly, but the key question hanging over the asset class is whether it is also capable of sustainability.
Active in the German Mittelstand – or mid-market – for over a decade, Swiss lender Patrimonium has carved a niche for itself in the non-sponsor space. Daniel Heine, the firm’s head of private debt, offers PDI some insight on the firm’s strategy.
With changes impacting the UK’s social housing sector, might non-bank lenders look to registered providers as worthy investments? Louise Leaver and Ruby Giblin of Winckworth Sherwood discuss
Amid growing competition, the ability of debt funds to manage foreign exchange risks has assumed greater importance, writes Afex's Ashley Hall.
As the market cycle nears a top, the New Mexico SIC CIO believes raising interest rates too quickly could pose a risk to almost all asset classes.
The new firm, led by the founder of Cerberus Capital Management's mid-market lending group, has made several hires since its launch, including a CFO.
The firm already accesses that market segment through its stake in DoubleLine Capital, high-net-worth individuals and sub-advisory agreements with mutual funds.