The muddy waters of performance calculation

The private funds industry is institutionalising, but the methods for calculating and reporting performance are still all over the place.

LPs still see bright future for private debt performance: reports

Two more studies show a plurality of LPs expect to increase their private credit allocations.

Challenges ahead

Regulation and fees top investor concerns, but the return of the banks could be the biggest danger of them all.

CIFC’s Wriedt: Why Asian investors are seeking US CLOs

More Asian investors are committing to US collateralised debt obligations despite the issue of mismatched durations, says CIFC’s co-CEO Oliver Wriedt.

Korean construction workers’ fund to increase offshore private debt exposure

The Korean mutual aid fund is has issued a request for proposal for US private debt managers for its direct lending portfolio.

Patriot National files for bankruptcy; reorg would wipe out PennantPark BDC shareholders

Private credit managers hold both debt and equity in the debtor.

How fundraising is affected by Brexit

With delegation rules a hot topic and the possibility of some investment being withdrawn from UK-focused funds, Brexit is already having an impact. Samuel Brooks of Macfarlanes explores some of the key issues.

Regulation tops investor concerns about private debt

Investors are concerned by regulation, but that has not stopped them from taking a bullish attitude towards the asset class.
A Lens

US public pension plans’ alternative asset commitments in 2017

This LP profile made almost 950 commitments to various private vehicles last year.

TCP raises nearly $2bn in one of 2018’s first fundraises

The firm’s lending strategy includes investing in companies both with and without the backing of a private equity firm.