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How direct lending’s growth is changing returns

Jess Larsen of First Avenue charts the evolution from ‘idiosyncratic alpha’ to cost-efficient beta, and the impact this is having on fees.

Ares posts double-digit direct lending returns for 2018

The firm raised almost $32bn for its credit strategies, with leverage facilities included, the bulk of which came from Ares Capital Europe IV.

Rising Stars 2019: Keep the nominations coming!

There’s just under a week to go for us to receive recommendations relating to private debt’s youthful trailblazers.

Carlyle bets big on credit for future growth

The firm’s recent initiatives include the acquisition of aircraft leasing investment firm Apollo Aviation Group and the launch of an opportunistic credit fund, distinct from its distressed debt vehicles.

Oaktree posts strong distressed, US private debt gains for 2018

The firm also reiterated its plan to not begin its investment period on its latest distressed vehicle because of fee concerns.

KKR’s credit platform puts $2bn to work in Q4

The firm reached a lending milestone during the fourth quarter, despite revenue and net income losses.

Athene drives Apollo’s ENI loss

Much of the credit manager’s decline in performance revenue was attributed to unrealised mark-to-market in the insurance company.

Nominate now for our Rising Stars 2019!

PDI wants to know who you think are the most talented of the up-and-coming generation in private debt – and give them a chance of making our inaugural top 20 list.

Owl Rock NAV per share dips in Q4, posts 11.4% net total returns

The BDC has originated $11.1 billion of loans since its inception almost three years ago.

DOWNLOAD: Private debt LPs’ 2019 wish list

LPs plan to maintain their allocations to the asset class and rank a strong GP track record as the most important factor in due diligence.

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