Sergio Padilla

Manulife | Comvest Credit Partners will have $18.4 billion in AUM, as Canadian insurer continues snapping up assets.

Research and development efforts are increasingly focusing on the formation of evergreen and bank-like structures to attract insurance and wealth investors.

The firm’s AlpInvest secondaries unit and private wealth help power its growth in AUM, while its private equity business shrank.

Nascent fears over credit market health and lending standards weigh on the earnings of the manager, which is staking its future on ABF and retail investors.

The vehicle seeks opportunities in sponsored and non-sponsor backed companies across five subsectors.

The fund is the manager’s first BDC, and comes nearly two months after acquisition by Rithm was announced

Life insurers have shifted from simple asset-liability matching to linking with private equity and illiquid credit investments.

The Ohio-based concern’s term loans were primarily underwritten and syndicated by investment banks.

Newton, the newly formed venture, will source deals across the US and be administered by both companies.

The move to broadly syndicated loans portends a battle over ever-growing mega-deals.