Fund Managers

Private debt catches up in returns race

The asset class has shown the robustness of its returns profile.

LBOs under the microscope

On Fitch’s leveraged loan default watchlist, private equity-backed companies are well represented, but not beyond what one might expect.

Alcentra seeking $300m for third CLO-focused fund

The Bank of New York Mellon credit group’s debut fund focused on CLO mezzanine debt, while the second targeted CLO equity.

LaSalle closes third mezzanine fund on £804m

LaSalle Investment Management has closed its third mezzanine and whole loan fund on £804 million (€903 million).

GFC: “The fear was palpable”

In his own words, he was at the epicenter of the financial crisis. Waymond Harris, director of investments at Blue Cross Blue Shield of Michigan, reflects on what happened then – and why the next crisis will not be like the last one.

BNP Paribas takes stake in SME lending specialist

Caple has sold a 10% stake to BNP Paribas to expand the capabilities of its loan platform.

Echoes of the crisis

At a recent roundtable, talking points centred around market conditions and preparing for a change in circumstances.

KKR BDC goes public with new fee, governance structure

The New York-based mid-market lender cut its management fee and instituted a lookback period to its incentive fee calculation formula.

Adams Street names Credit Suisse exec as COO

The private markets firm has appointed James Walker, who held the same role in wealth management units at Morgan Stanley and Citi.

Apollo names Kleinman, Zelter co-presidents

The appointments represent a recognition of the pair’s success rather than succession planning, a source close to the firm told PDI.