John Bakie
PEI's editorial team looks at the record $180bn raised for private equity in Q1 2021 and how average fund sizes for private debt funds topped $1bn for the first time during the quarter.
Debt funds are growing in size as fewer managers are able to secure the lion's share of capital, according to the latest PDI Fundraising Report.
The unit-linked fund will allow private pension investors to access unlisted credit opportunities.
The £100m fund will invest in illiquid and liquid strategies to meet the needs of highly regulated DC schemes.
European private debt deals bounced back sharply in Q4 of 2020 after sinking to historic lows during the pandemic.
Investors are finding the top of the capital structure a good place to be, but they should not assume it is a part of the market where you only find plain vanilla approaches.
The fund invests in first lien loans for European small and mid-market companies.
The new lender will provide up to £100m for businesses undergoing change.
The deal is part of Investec’s withdrawal from the Australian market.
The fund expects to see significant opportunities as a result of the covid-19 pandemic.