Robin Blumenthal
The second vintage exceeds its $5bn target, and has invested about $2bn in more than 80 companies.
In the wake of Silicon Valley Bank’s collapse, the venture market has suffered turbulence – but the shakeout could also present new opportunities.
Although Silicon Valley Bank is still doing deals, a number of players are maneuvering to fill the chasm its implosion created.
Apollo executives discuss hybrid value as Jason Scheir is named co-head of department alongside Rob Ruberton.
Manager will pay a total of $2.07bn for asset-backed loans, and a portion of its unfunded commitments.
A comparison of our first PDI 30 ranking of private debt managers in 2013 with the 2022 PDI 100 list reveals the increasingly global nature of the asset class.
The problems afflicting regional banks have created new openings for private debt firms, as they buy up secondary positions and act as replacement capital.
Moves will see his former co-head Boulanger leave and Small assume responsibility for direct lending in Europe.
The PD 50 Fund aims to provide investors with exposure to a diverse group of 50 of the largest private debt funds and to disrupt the fund of funds model.
Next thing you know, private credit will be bailing out the banking system. Past experience of crises will ‘come in handy’ says one industry professional.