News & Analysis

The fund will support banks and other financial institutions in Eastern Europe and Asia.

The successor to the firm’s 2016 vehicle has raised four times as much capital for European mid-market lending.

The direct lending vehicle will invest in lower mid-market companies based in the US.

Europe’s pension plans see a big future for alternative credit, but faith is weak in their home region and strategies are being revised as a result.

The BDC has experienced steady losses for over four years, with a net asset value drop of 30% over the last fiscal year alone.

While the merger of the publicly traded vehicles is set to be completed, the combination of their non-traded BDCs has been put on hold amid low stock-trading prices.

The state-backed pension fund is on the hunt for managers to diversify its private corporate investment portfolio and ramp up offshore alternative investments.

Robert Stark, the new senior managing director, will be responsible for helping develop and execute the firm’s strategy.

The US giant has knocked Lone Star off its perch in a year in which the cumulative capital accounted for by private debt's biggest fundraisers was almost double the 2014 total. Check out our interactive guide to the PDI 50.

What counts - and doesn't count - towards the five-year fundraising total.