Robin Blumenthal
Manager’s third direct lending fund nets the strategy’s largest capital commitment and exceeds an internal target.
A huge pool of insurance industry money could be headed for private debt but there are many levels of complexity for fund managers to navigate. Insurance and debt insiders talk to about the potential benefits and challenges of partnering up.
Colossal raise for third vintage beats $10bn equity target by over 50%, and nearly doubles that of precursor.
Asset manager group’s offer will allow Bermuda-based insurer to maintain operations and strategy.
The seed capital will support the manager’s non-traded, perpetual BDC, among other investments focused on the non-sponsored market.
Interest rates are staying higher for longer, debt service is piling up and liquidity is falling at some business development companies. What could possibly go wrong?
The asset-based strategy for the ninth such fund is said to involve buying largely consumer credit vehicles
The fundraise, one of private credit’s largest, has exceeded its target, and includes $14.3bn in commingled and other equity commitments.
Manager makes other executive changes, in moves toward a 'new stage of growth' and succession planning.
Fund seeks 90% plus exposure to private credit, and targets US wealth and institutional markets.