Chris Witkowsky

The fund of funds platform, which includes commitments to venture funds as well as private credit, continues to operate.

Private credit has had less new firm formation than on the buyout side, with new firms focusing on the lower- to mid-market.

The capital solutions group was formed to combine the bank’s GP-led secondaries advisory activity with its efforts to source capital for direct and co-investments.

One sticking point raised by the main opponent of the bill was what it said were CalPERS' plans to include capital call lending as part of its proposed programme.

Buyouts spoke with several GPs about how they are factoring potential inflation into their existing portfolios and into future deals.

The committee recommended redeploying the non-US mandate to Crescent Capital, another manager the system approved for the private credit program.

The direct lending firm is expected to also launch its next general business development company in 2020.

Vista Equity Partners collected around $700 million for its third credit fund that is targeting up to $2 billion, two people with knowledge of the firm told sister publication Buyouts. Vista Credit Opportunities Fund III was set to hold a first close as of early October, sources said, though it’s not clear if that has happened […]

GSO co-founder Bennett Goodman and head of special situations investing Jason New will be leaving at the end of the year.

The firm, which launched its special situations fund in 2005, could move assets into a newly created vehicle that would let investors cash out of older funds.