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When one facility fits all

Umbrella fund finance can provide a simplified approach for managers with multiple strategies.

Uncorrelated returns: The holy grail

Frank Barbarino, senior investment officer at the Office of New York City Comptroller, offers insight on his organisation’s private debt strategy in conversation with PDI.

POBA to add to US lending strategy

The Korean pension fund has put out an RFP to hire private debt managers for US direct lending mandates.

GFC: “The fear was palpable”

In his own words, he was at the epicenter of the financial crisis. Waymond Harris, director of investments at Blue Cross Blue Shield of Michigan, reflects on what happened then – and why the next crisis will not be like the last one.

Can you rely on a termsheet?

Lenders may be left compromised when a deal termsheet does not make clear how much control sponsors have over the transfer of payments. Experienced lawyer Stephen Mostyn-Williams of Debt Explained highlights one alarming example.

Alaska PFC: Ahead of the curve

Alaska Permanent Fund Corporation - a state-run investment vehicle that distributes dividends to all eligible residents - started investing in private credit before the financial crisis, and sees no reason to pull back now.

Mondoux: Complacency ‘not dissimilar’ to 2006/07

Josée Mondoux of Canada’s CMPA is worried by aspects of manager behavior today but takes comfort from debt managers’ more conservative approach.

PDI 50: North America dominant but declining

With Lone Star, Apollo and Oaktree among the leading lights, North America accounts for much of the PDI 50 - but funds from elsewhere are growing in influence.

Q3 fundraising: Fewer closes, slower pace

The latest data show a declining number of fund closes and protracted fundraising timetables.

Amundi adds real estate debt, closes third fund

The firm’s real estate debt business launch follows hot on the heels of its latest private debt fund close.