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Refinitiv’s Fran Beyers: ‘Lenders do not have great visibility’ as 2019 approaches

While 2018 was a solid year for private debt managers, the year is ending on a rockier note than it started, leaving question marks in 2019 for credit shops surrounding their portfolios.

Contra Costa County looks to commit up to $200m to distressed debt, buyouts

The firm’s private equity portfolio has a 5-15% sub-allocation to special situations.

Atalaya launches first equipment leasing fund

The New York-based firm also invests in the strategy through its $900m Atalaya Asset Income Fund IV.

What exit? GPs investing in other GPs are in it for the long haul

Private equity firms taking non-control stakes in other such firms is booming, but the off-ramps for such deals remain mostly theoretical.

SBCERA puts aside $270m for existing multi-strat accounts, $230m for new commitments

The pension fund has awarded several GPs master custody accounts that follow credit strategies.

BC Partners to take over KCAP management contract

The buyer will contribute its incentive fees until the net investment income hits $0.40 per share.

GSO co-founder Smith set to launch new firm in 2019

No fundraising target for a debut fund has been set yet, but it will be in the billions of dollars.

LPs face fragmentation in data reporting

Without data standards, LPs are finding themselves spending extra time on data deciphering and organisation.

Blue Torch Capital’s debut fund makes headway

The credit opportunities vehicle has a little over $100m to fundraise before hitting its $750m target.

Goldman Sachs holds $1bn first close on latest senior debt vehicle

The firm has also held large closes on junior debt and real estate debt funds, leading it to finish at the top of our annual fundraising ranking for the first time.

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