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Time to start contemplating tomorrow’s nightmare

It’s pointless guessing when the benign credit cycle will end, according to those on stage at our New York Forum – but it’s imperative to be prepared.

African mezzanine deal makes 35% return

Vantage Capital delivered the profit from its investment in South Africa’s New GX Capital, and has so far delivered a 2x money multiple across its three mezzanine funds.

Arizona pension funds consistently outperform benchmarks

The funds for state workers and police and fire personnel have each posted strong returns and were among the earlier adopters of the private credit asset class.

Apax’s listed trust goes long on debt as PE spending drops

The listed private equity trust's derived debt exceeded its derived equity exposure in the first half of this year.

States could fall like dominoes in carry tax ‘fairness fix’

If one US state enacts legislation to tax private equity execs more heavily, a host of others could follow.

Sierra Income to acquire MCC and MDLY

The combined vehicle’s pro forma assets would be close to $2bn, according to an investor presentation.

FS, KKR BDCs land $3.4bn revolver with syndicate of more than 20 lenders

The two financial firms plan will save in the aggregate of up to $10m due to lower interest rate spreads.

Oaktree raises $720m for senior debt, touts direct lending as growth area

The Los Angeles-based firm also held closes on its latest transportation and special situations funds.

There’s no such thing as a safe bet

Private debt return prospects look good, but LPs have concerns relating to risk and manager experience.

TCDRS crosses $1bn mark for private credit strategies

Strategic credit received more than $500m after delivering a one-year return of 11.3%.

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