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North America

A closer look at the winners and runners up in the region.
For the seventh year, we recognise the managers, institutional investors and advisory firms considered by their peers to have been the standard bearers of the private debt asset class.
First Eagle Alternative Credit has wrapped up its first fund since being formed from First Eagle Investment Management’s acquisition of THL Credit last month.
The alternative lender also invests in non-sponsored companies from a separate fund that closed on a similar amount two years ago.
While the BDC sector is riding high, an improvement in reporting standards could attract many more institutional investors, says Cliffwater's Stephen Nesbitt
The purchase comes as other US-based managers have launched Asia-focused funds, including those that have been in the region for some time.
The firm will focus additional strategies it will roll out on other real assets, similar to its railcar and aviation leasing products.
Gilles Dellaert will lead Blackstone Insurance Solutions, a part of the business with a lot of growth potential.
The California pension plan has made mezzanine and distressed debt commitments in the past but not direct lending.
After New York-based MCC faced vociferous opposition to its original internal merger proposal, the firm reworked its offer and is moving ahead with an altered proposal.

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