deals

The Milan-headquartered asset manager has acquired the interest through a US subsidiary, which provides firms with permanent capital to support their further growth.

Banks had still not fully dealt with the fallout from the GFC before the latest crisis came along. The pile of NPL stock is now set to grow much bigger, says Zach Lewy of Arrow Global.

Wall Street piled into the US housing market, drove down pricing and increased leverage. As defaults have increased, the market has begun to return to its roots. By Jan Brzeski of Arixa Capital

The deal is AnaCap’s second CQS transaction of loans to public sector employees.

In a move that was flagged in January this year, the Los Angeles-based alternative assets manager will add $6bn of assets under management in pan-Asian investment strategies.

Early signs indicate the nascent asset class is proving resilient to the pandemic’s shock, its first big test.

The covid-19 pandemic is challenging private markets to work in entirely new ways. We look at whether this will reshape how the industry operates over the long term.

As the world gradually emerges from lockdown, fund managers are asking whether the pandemic could represent an opportunity for credit markets.

There is a near-term discount opportunity in distressed, but investors need to bear in mind that fund managers may be investing over several years. Alex Odysseos of Houlihan Lokey reflects on the significance of this.

The credit arm of the European private equity fund manager has teamed with Mount Logan Capital to take over assets including the Resource Credit Income Fund.