Victoria Robson

The firm will start co-investing with LPs to allow it to capitalise on bigger ticket deals, PDI sister publication Private Equity International reports.  

With the acquisition of Swiss Capital Alternative Investments, the New York-based firm has launched a dedicated private debt arm.

The new fund will target a cash yield of 8-10 percent and internal rate of return of 18 percent.

The immediate tax change is accompanied by a consultation on fund manager rewards. Also confirmed in the budget was the move to open up tax-free saving schemes to investment in marketplace lending assets.