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San Jose pension funds set to drop private debt pacing by $50m in 2019

The two public retirement plans are set to decrease their commitments to the asset class as part of the impending implementation of a new asset allocation.

DOWNLOAD: Goldman and Drexel, the firms that spawned the private credit giants

The investment banks – one still arguably the pinnacle of Wall Street and the other a casualty of, among other factors, run-ins with federal regulators – produced some of the biggest names in alternative lending.

Goodhart targets $200m for first minority stakes fund

The investor in boutique fund managers is looking to focus on private markets specialists, including debt managers.

EnTrustPermal to list $250m shipping debt vehicle in London

The listed vehicle will look to invest in ships and shipping companies with predictable cashflows and low correlation to other markets.

The GFC: A dramatic reshape of the lending landscape

Life would never be the same, and lenders were among those trying to make sense of it all. Andrew Hedlund reflects on several key ways in which the private debt asset class was moulded by a crisis.

Fund dedicated to co-investment with bank launched

The fund will make co-investments on an equal footing with a UK regulated bank.

CVC targets at least $500m for initial US direct lending pooled fund – exclusive

The firm gained North American exposure with the acquisition of Northport Capital.

How to deal with diminishing projects in Europe

With new PPP-type infrastructure projects having become ‘scarce’, John Mayhew, head of infrastructure debt at M&G Investments, is originating deals in the secondary market.

Report: Asia-focused fundraising tells a special story

Special situations strategies have garnered over $7bn since 2013, EMPEA reveals.

Incus in ‘one and done’ €500m fundraise – exclusive

The Madrid-headquartered asset-based lender has closed its third fund in around six months and in the absence of a conventional fundraising process.

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