Fundraising took a tumble in 2018

Last year saw the lowest aggregate annual total since 2014, while the number of individual fund closes also fell markedly.

Anthilia reaches €145m for third Italian SME fund

The firm, which has three offices in Italy, is aiming to reach a final close on €300m over the next two years.

Volatility could be direct lenders’ friend

Fierce competition for deals has led to speculation about the bursting of the direct lending bubble. But troubles in the broadly syndicated market may come to the rescue.

Patrimonium closes co-investment fund with Credit Suisse

An example of bank/fund collaboration, the vehicle allows the Swiss fund manager to take a slice of loans originated by the financial services giant.

Refinitiv’s Fran Beyers: ‘Lenders do not have great visibility’ as 2019 approaches

While 2018 was a solid year for private debt managers, the year is ending on a rockier note than it started, leaving question marks in 2019 for credit shops surrounding their portfolios.

3 takeaways on the private debt secondaries market

Houlihan Lokey’s Jeff Hammer says that while there is a broad base of potential actors, that loans are repaid over a given period or refinanced likely constrains the size of the market.

Atalaya launches first equipment leasing fund

The New York-based firm also invests in the strategy through its $900m Atalaya Asset Income Fund IV.

What exit? GPs investing in other GPs are in it for the long haul

Private equity firms taking non-control stakes in other such firms is booming, but the off-ramps for such deals remain mostly theoretical.

SBCERA puts aside $270m for existing multi-strat accounts, $230m for new commitments

The pension fund has awarded several GPs master custody accounts that follow credit strategies.

Amundi closes senior debt fund on €880m

The senior vehicle is the asset manager’s largest to date and has already made 15 investments.

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