Medley soldiers on with merger amid shareholder backlash

MCC has faced scrutiny from shareholders over plans to merge with MDLY, despite an independent committee finding it to be the best option for the portfolio's performance.

San Francisco pension fund plans $800m for private credit

The allocation will have a bias toward senior and mezzanine debt strategies, which the retirement plan has labelled ‘capital preservation’ strategies.

CDPQ backs Edelweiss’ second distressed debt fund

The Mumbai-based alternative asset manager has held a final close on its successor distressed vehicle on $1.3bn.

POBA seeks mid-market direct lending managers

The Korean institutional investor plans to hire European managers by late February

Need for stable returns driving CIC’s private investments

China Investment Corporation president and vice-chairman, Tu Guangshao, explains why the sovereign wealth fund is increasing its alternative investments.

Investors shift from offence to defence

In a turbulent world, protecting what you’ve got is more of a priority than diversification.

DOWNLOAD: Private debt LPs’ 2019 wish list

LPs plan to maintain their allocations to the asset class and rank a strong GP track record as the most important factor in due diligence.

Half of institutional investors want to increase private debt exposure – BlackRock

Private credit is set to benefit from a shift away from public equities and into private markets and fixed income, according the investment manager’s latest survey.

Ares holds final close on debut US direct lending private fund

The firm begins the new year with more than $3bn in committed capital raised.

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.

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