Acquisition

The US asset manager has shaken up its insurance team leadership after acquiring rival PineBridge, with its international solutions head departing.

JPMorgan cuts exposure to the publicly traded BDC after downgrades and stock price dive.

NPS, through a partnership with Townsend, will take its stake in the Australian private debt GP to 9.9 percent, with Pinnacle increasing its share to 35 percent.

CV will comprise over 300 first-lien loans originated and managed by Antares.

Fund allocators such as Goldman Sachs’ External Investing Group and Allianz Global Investors are increasing focus on rising private debt GP consolidation.

Kennedy Wilson has steadily built its real estate debt platform alongside its global equity presence ahead of its privatisation by the Canadian insurer.

Initial $250m consideration is composed of $125m in cash and $125m in units of P10.

Alternative managers have an expanded arsenal compared with the last time public markets soured on BDCs.

'Even in an inflationary environment, we're able to benefit from a returns perspective as a result of those prices increasing higher than we may have anticipated,' Sagard's Raja Manchanda said.

Debt funds continue to lead the market, says Houlihan Lokey’s midcap monitor.