deals

Sources say Private Credit Fund IV has raised $855m in equity, more than half its $1.5bn target.

The cross-border linkup represents the US manager’s first foray into Europe.

The New York-based firm’s second multi-strategy credit fund is more than 45% invested, Private Debt Investor has learned.

Timeframes for taking advantage of dislocation opportunities following crises have compressed, according to David Allen of AlbaCore Capital Group. Those who reacted fastest after the initial wave of the pandemic were rewarded most.

Private debt managers appear to have weathered the storm well so far, but are focused on safer assets and wary about a volatile environment in 2021. By Jacco Brouwer of Duff & Phelps.

In accordance with the idea that size matters, a partnership between FS Investments and KKR, that manages two business development companies, has agreed to merge them.

Performance issues are emerging within private debt portfolios, but plenty of lenders are getting fair warning and not panicking yet.

The latest Alternative Lender Deal Tracker from Deloitte shows healthcare, financial services and software deals in hot demand despite the travails arising from covid-19.

The US real estate big hitter has struck a deal to take on Swiss manager GAM’s European property debt business.

The 'custom mandate' has already invested more than 25 percent of its capital and is investing across various distressed strategies.