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Not all pension funds are completely sold on private credit

Several funds have scaled back their allocation to the asset class, but signs show that overall investor appetite is strong.

By the numbers: LBC’s returns are strong among peers, but falling short of targets

The US mid-market lender is seeking $1bn for its fifth flagship fund, which is targeting a net IRR of 11-13%.

US BDCs to take advantage of revised regulations on leverage

The country's 10 largest public business development companies have taken different approaches to accessing debt.
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Dividend recapitalisations are back on the rise

With fears of a financial downturn in 2019 on the back burner, the strategy of adding additional leverage is trending upward.

HPS seeks $600m for distressed mid-market loans – exclusive

The firm, which sees managers making decisions they will later regret, will invest in privately negotiated transactions on already-originated loans.

By the numbers: Inside Bain’s latest $3bn distressed fundraise

Its 2012-vintage fund posted lacklustre results, while its vehicle launched in 2015 has been among the better performing from that year.

Silver Lake raises over $2bn for debut credit, structured equity fund

The new vehicle, which was launched last year, comes as the firm is raising a separate tech-growth vehicle – its third in that fund series.

Fed chairman remains on credit managers’ side – for now

As many powerful financial actors have come out against leveraged lending, the US central bank leader does not see a looming ‘the-sky-is-falling’ moment.

Goldman Sachs raises $4.4bn of deployable capital for senior debt

The financial behemoth is the single largest investor in the fund, which is the latest in the Broad Street series.

Charting the growth of Owl Rock’s BDCs

The firm has grown quickly since it was founded a little more than three years ago and now has two BDCs that manage much of its capital.

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