Investors

Korea's POBA is seeking a mezzanine debt fund mandate and is targeting a net IRR of more than 10 percent

Korea’s POBA seeks mezzanine debt fund manager

Public Officials Benefit Association is targeting a net IRR of more than 10 percent, with a five percent-plus dividend return, for the mandate.

Owl Rock closes above IPO pricing on initial day of NYSE trading – updated

The business development company will charge a 1.5% management fee and a 17.5% incentive fee over a 6% hurdle rate post-offering.

Europe ventures into the unknown

The continent looks set to follow in the footsteps of the US as venture lending gathers steam, but challenges lie in wait.

Who raised the largest funds in H1 2019?

The period was dominated by distressed funds, with Lone Star demonstrating its pulling power with two of the biggest vehicles.

LACERS will commit to two new credit managers

The pension fund approved $100m contracts with Benefit Street Partners and Alcentra Limited after a nine-month search.
Buckets

ACERA creates a dedicated private credit bucket

The pension fund plans to allocate 4% of its portfolio ($490m) to the strategy by 2023.
Commodity shipping trade

Why commodity trade finance needs private lenders

Structural changes in the trade finance industry present opportunities for lenders, argues Mikael Bonalumi of Audentia Capital Management.

The need to nurture permanent capital in Europe

Reasons for longer-term vehicles in private debt are growing, with one being the requirement to support businesses traditionally backed by banks.

Two in three family offices looking to grow private debt allocation

Improved returns over meagre bond yields are a key driver of smaller institutions looking for private debt exposure.

Private credit’s green new deal

ESG hasn't always been private debt's strong point, but many in the industry are working hard to address this.
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