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The deal is part of Investec’s withdrawal from the Australian market.
The private debt asset class has matured to the point where the secondary market is beginning to develop scale, with a range of opportunities emerging, says Daniel Roddick
San Francisco
The deal was used to seed the $440m debut credit fund of Angel Island Capital.
We continue a conversation begun last week with reflections on why the private debt secondaries market may struggle to establish itself.
Private debt is behind other alternative asset classes when it comes to secondary activity and opinions differ as to when it’s worth taking seriously.
Rakesh Jain will help lead the firm's expansion in private credit primaries, secondaries, co-investments and special situations.

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