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Under pressure

A new report predicts returns for direct lending will come down slightly over the next 10 years, but the asset class is still looking attractive on a relative basis.

Korea’s POBA mandates three US managers

The Korean public pension fund has committed $150m across Golub Capital, Ares Management and Antares Capital.

The safe option

With stock markets fluctuating wildly, private sources of capital may be favoured by healthcare companies – bringing further growth to the nascent debt financing segment.

Mallis switches from First Avenue to Pantheon

Justin Mallis, who worked with a number of credit funds in his former role, becomes global head of project management at his new employer.

How investors can identify the best of the bunch

With fund managers citing loose deal structures – while pointing the finger elsewhere – what steps can LPs take to confidently assess the winners and losers? Raelan Lambert of Pavilion Alternatives Group provides some key tips.

The muddy waters of performance calculation

The private funds industry is institutionalising, but the methods for calculating and reporting performance are still all over the place.

Apollo’s CFO on its record-breaking fundraise

Martin Kelly reveals the inside story of Apollo Investment Fund IX which made history when it closed just shy of $25bn.

Orion raises over $2bn for its global mine finance fund

The specialty financer closed its second global debt fund amid a five-year down-cycle in the mining sector where companies still have tight cashflows.

LPs still see bright future for private debt performance: reports

Two more studies show a plurality of LPs expect to increase their private credit allocations.

Challenges ahead

Regulation and fees top investor concerns, but the return of the banks could be the biggest danger of them all.