Andy Thomson
Backed by the deep pockets of a sovereign wealth fund, the manager is charging into what it sees as two gaps in the market.
Meeting capital needs is a big challenge for fund managers today. Kathryn Cecil and Jons Lehmann of Fried Frank run the rule over some potential solutions.
The German manager is aiming to raise up to €600m for the vehicle by early next year. It will mainly target direct lending but also special situations on an opportunistic basis.
Capital raising for private debt is at a low level compared with previous years but, after a very slow start in the first quarter, the last few months have seen a pick-up.
In a move that was flagged in January this year, the Los Angeles-based alternative assets manager will add $6bn of assets under management in pan-Asian investment strategies.
Some experienced investment professionals are seeing their funds take a hit from the pandemic and are considering moving to new pastures. This is one trend identified by Will Invine of Stem7 in a discussion of key issues in alternative assets recruitment.
After a quiet start to the year in private debt fundraising, dislocation strategies have burst on to the scene with their promise of high returns amid the covid-19 turmoil. But without the resources to do proper due diligence, have investors had their heads turned?
The ‘new normal’ in alternative assets extends to recruitment, where some unconventional settings are being used for hiring processes.
The credit arm of the European private equity fund manager has teamed with Mount Logan Capital to take over assets including the Resource Credit Income Fund.
A new report sheds light on the scale of the biggest opportunity for some fund managers since the global financial crisis.