Sergio Padilla
The interval fund seeks to invest across the manager’s credit platform.
The pension plan is looking to increase allocations to asset-backed, direct lending and distressed strategies.
BridgeInvest Specialty Credit Fund IV has an equal split of foreign and domestic LPs.
Slow M&A activity has increased competition among lenders for scarce deals.
TPG says it has expanded its sponsor network and completed almost 200 transactions.
Barclays’ liability management exercise report depicts a normalisation of the practice, and a scramble for creditors to protect themselves.
Nearly $20bn of Ares’ $26bn worth of commitments came from its credit business.
The firm's credit AUM is up 25% year-on-year as it chases an overall $40bn fundraising goal, across funds and strategies, for 2024.
The firm's inflows were driven by its acquisition of Global Atlantic, as well as asset-based finance, direct lending and CLOs.
The platform is set to launch in September, and eventually expand into private credit.