John Bakie
The US-based firm has teamed up with an Australian pension fund to expand its credit activities in the Asia-Pacific region.
The firm is opening its first office in Europe to help it get closer to LPs as demand for US private credit grows.
The deal builds on WPP’s existing relationship with Russell to create a diversified private credit portfolio that will meet long-term investment and ESG goals.
The deal between the lending tech platform and the alternative asset manager will provide more capital for UK small businesses to invest and grow.
A $300m investment from a Dutch pension fund has helped ILX surpass its target for its vehicle, which focuses on investing alongside development banks in emerging markets.
Having started life purely as a direct lender, the UK-based fund manager has recently launched several other strategies. John Bakie met with co-founder Symon Drake-Brockman to find out more
After seeing a strong recovery form the covid pandemic in 2021, private debt deal volumes may start to tail off as concerns about war and inflation hit markets.
The fund closed well in excess of its original target as both LPs and fund managers seek liquidity solutions.
The asset manager secured significant commitments from institutional investors for its private debt strategy in its first year of operation.
The fund is the firm’s first vehicle dedicated to investing in Asian private credit and it will target mid-market companies with resilient business models.