All is calm, but it’s time to stay alert

Many in private markets seem content with market conditions, but it wouldn’t take much for a temporary wobble to become a longer-lasting problem.

4 takeaways from InterGrowth 2019

The borrower-friendly market was the source of many observations at the annual gathering of private equity professionals, private credit managers and service providers in those industries.

Direct lending ‘risks oversupply’

Niche strategies are starting to grow in popularity – a necessary counterbalance to the capital allocations piling up for mid-market direct lending, says Ari Jauho, co-founder and partner at Helsinki-based fund of funds manager Certior Capital.

Credit fundraising for Ares driven by CLO activity

The firm pushed its AUM up to $136.7bn on the back of another quarter of robust fundraising.

Apollo converts to C-corp as it passes $300bn AUM mark

The firm is the latest in a string of private market money managers to make the change, citing an expected increase in its share liquidity.

Ares BDC sees ‘better risk-reward’ for mid-market opportunities

The lender continued to write massive cheques in Q1, but the average portfolio company EBITDA, when adjusted for size, is $66m.

KKR posts 7% gross alternative credit returns in Q1

The private equity firm considers special situations, direct lending and mezzanine to be its core alternative credit strategies.

Flatt and Marks exclusive interviews: How ‘Brooktree’ reshapes the landscape

It’s all in the timing, or is it? We speak with Howard Marks and Bruce Flatt about the deal that has everyone talking.

DOWNLOAD: Fundraising power in the hands of a few

Fewer funds are closing but more capital is being raised per fund. View our fully interactive presentation for all the key data on private debt fundraising in Q1 2019.

Antares senior departures continue as another co-founder exits – exclusive

Dan Glickman, who is also a senior managing director, is set to depart the firm Friday.

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