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BlackRock targets $1.5bn for debut private fund

The world’s largest asset manager is raising an inaugural seven-year fund, which has a 10 percent carried interest over a 6 percent hurdle, after launching its mid-market lending business a dozen years ago.
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Apera completes two UK unitranche deals – exclusive

The fund manager founded last year has now made its first two deals with private equity sponsors.

Capital Dynamics targets Q2 close for debut credit fund – exclusive

The firm is expected to begin accepting commitments for the $500m vehicle in Q1 2018, according to a source familiar with the matter.

Senior surges

A shift towards senior debt could indicate that the credit cycle is turning.

A year is a long time in private debt

Comparing audience views at the PDI Capital Structure Forum since last year reveals some interesting trends.

POBA to add to US lending strategy

The Korean pension fund has put out an RFP to hire private debt managers for US direct lending mandates.