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Kennedy Lewis expects oversubscription for $1bn Fund II – exclusive

The vehicle, which is expected to be on the road slightly more than six months, offers a tiered fee structure allowing LPs that commit by year end to get the lowest charges.

Blackstone works with GSO investors to resolve looming key-person issue

GSO co-founder Bennett Goodman and head of special situations investing Jason New will be leaving at the end of the year.

Pennsylvania PSERS weighs three commitment pacing plans

The US pension plan discussed five-year scenarios that include annual commitments of $400m, $550m and $700m.

Mid-market lenders, banks more willing to push on leverage: Survey

As US federal leveraged lending guidance statutes have become a thing of the past, banks are showing a willingness to compete with direct lenders.

US direct lending fees fall as funds seek international capital

Management fees drop as North American managers seek to compete for LP allocations with their European counterparts.

Apollo’s Zelter: ‘If you’re in credit, you’re paid to worry’

The alternative asset behemoth is well positioned for a downturn as it monitors portfolio liquidity and credit lines, the firm’s co-president said.

When one is better than two: Why unitranche trumps syndication

Volatility has made unitranche an appealing option in a market where some syndicated deals are requiring an increase in pricing to get across the finish line.
Apollo's James Zelter

Apollo, Oaktree top execs warn on regulation and populism

Top executives including Howard Marks and James Zelter expressed concern at last week's PDI Forum about political change and the risk of private equity being ‘squashed’.

Comvest raises $450m in first close for fifth direct lending fund – exclusive

The alternative lender backs both sponsored and non-sponsored businesses with its flagship fund series.
John Graham CPPIB

CPPIB’s new Asia perspectives

The Canadian pension has scaled up its credit operations in North America and Europe and is turning to China and India. John Graham, global head of credit investments, explains the strategy to Andy Thomson. Additional reporting by John Bakie and Andrew Hedlund
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