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Twin Brook invested more than $1bn in healthcare during 2018 – exclusive

The firm doubled its footprint and joins others in making investing in the sector a core strategy.

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.

Crescent closes second direct lending fund on more than $1.6bn

The fund is already nearly halfway deployed, with $750m of capital invested at the time of the final close.

Four Korean LPs shifting focus to European private credit

Mid-market GPs are benefitting from demand from Korean investors as the capital flows into direct lending, for now at least.

TCPC to lower fees when it increases leverage

The BDC will lower its incentive fees and hurdle rate next year to stay “fee-friendly”.

Audax Credit raises over $850m across direct lending strategy

Its vehicle will be used to invest in mid-market companies across North America through senior secured first- and second-lien loans.

Performing credit investors getting lower returns – Oaktree’s Marks

Oaktree co-founder Howard Marks tells PDI that it is hard to achieve an adequate return in such a ‘hot market’.

OCP Asia garners $500m for Fund III

The credit manager’s latest closed-end Asia-Pacific vehicle is double the size of its predecessor.

Sub-par is good for golfers, not investors

The same forces that gave rise to direct lending also caused marketplace lending to grow. Now the latter is experiencing compressed returns. Andrew Hedlund reports

Credit investors flock to Asia despite low compensation

Among other concerns are duration risk and weakening covenants

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