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.

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.

South Korean LPs shifting focus to European private credit

Increased demand from Korean investors is benefitting mid-market GPs as the capital flows into direct lending… for now at least. Adalla Kim reports.

Contra Costa County looks to commit up to $200m to distressed debt, buyouts

The firm’s private equity portfolio has a 5-15% sub-allocation to special situations.

Hedge fund Moab is third large shareholder to oppose MCC merger – update

Moab Capital Partners joins two other shareholders that have come out publicly against the deal, meaning that approximately 9% of the total shares stand in opposition to the transaction.

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.

South Korea’s NPS to overhaul alternative investment teams before 2019

The world’s third-largest public pension is reorganising its six alternative investment management teams into three divisions, but compensation of internal staff will likely be unchanged.

GCIF launches latest feeder fund

The origination of Guggenheim Credit Income Fund 2019 begins a new offering period for the BDC that will run through 2020.

VIDEO: KTCU’s Kang on why it’s time to dip into distress

Korean Teachers’ Credit Union’s senior global portfolio manager, Taebok Kang, explains why his team started looking at distressed debt investing this year and how it is planning the year ahead in this two-minute video.

DPFP to focus on emerging markets debt

The pension fund plans to deplete its debt allocation to zero and raise its emerging markets debt allocation to 4%.

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