Loan Note: Probitas tops placement agent ranking; Candriam and Kartesia launch ELTIF

Probitas tops our placement agent ranking but fundraising for niche private debt strategies is tough. Plus: Candriam and Kartesia launch a joint ELTIF for retail investors; and Adams Street sets up a base in Canada.

They said it

“While the rate of growth in distressed commercial real estate is slowing, an abundance of loan modifications in recent quarters suggests the full extent of the CRE distress cycle has yet to be seen”

Taken from BlackRock’s latest Global Credit Weekly

First look

Biggest slice of the pie: Probitas tops table in tough climate for placement agents (Source: Getty)

Probitas tops placement ranking

Probitas Partners tops our placement agent ranking for new capital closed in private debt between 1 June 2023 and 31 May 31 2024, but life is far from easy for placement agents in...

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