Newsmakers
Nuveen Private Capital Appoints Consultant Relations MD
Robert Rdzak will lead engagement with investment consultants for two of the manager’s investments shops.
Tag: Private Credit
Asset Allocation
Family Offices Are Hungry for Direct Investments, Private Equity, per Report
But they have little appetite for private credit and hedge funds.
Alternatives
Private Capital CFOs Face Growing Demand for Transparency
Fund financing, reporting and risk management are investors’ top concerns, according to a CSC survey.
Opinion
Beyond Default Risk: What an Insurance Mindset Can Teach Institutional Investors About Private Credit
A head of insurance client solutions stresses why long-term investors need to distinguish between measurable risks and the broader uncertainty inherent in investing.
Corporate Moves
PGIM to Acquire Remaining Stake in Credit Manager Deerpath Capital
The lower-middle-market direct lending firm is intended to bolster PGIM’s capabilities across private credit segments.
Asset Allocation
Insurers Further Embrace Private Credit
A report from Clearwater Analytics identified why the asset class is such a good fit for certain types of insurance companies.
Market Moves
While Retail Investors Flee Private Credit, Institutional Investors Stay Put
Several asset managers have seen increased redemptions from their business development companies due to heightened concerns about the asset class, but traditional limited partners are largely unphased.
Corporate Moves
Apollo Plans Daily Pricing for Private Credit Funds
The manager with $834 billion in credit AUM seeks to provide greater transparency across its portfolio by September, according to an earnings call.
Alternatives
BlackRock Sees Strong Institutional Demand for Private Credit
The asset class, along with infrastructure, drove the firm’s inflows during the first quarter, while executives downplayed woes related to investor BDC redemptions.
Opinion
Private Credit Solved an Asset-Liability Mismatch—Then Recreated It
The structure of retail private-credit offerings allowed investors to participate in the asset class’ yield premium without fully bearing its illiquidity cost, writes the CIO of Gramercy Funds Management.
Alternatives
Private Credit Grapples With Sustained Investor Skepticism
Investor unease has pressured the investment class.
Newsmakers
Former Alaska Permanent Fund CEO Joins Star Mountain Capital
Angela Rodell will be a senior adviser at an employee-owned investment firm managing approximately $4.5 billion in assets.
Corporate Moves
CVC to Acquire Marathon Asset Management
The $24 billion credit manager will continue to be led by its current leadership.
Market Moves
Swedish PE Firm to Buy Secondaries’ Pioneer Coller Capital
EQT AB agreed to pay $3.2 billion to purchase the dedicated secondaries firm, which has nearly $50 billion in AUM.
Pensions
La Caisse to Take Minority Stake in Credit Service Provider GLAS
The Québécois pension fund will invest in Global Loan Agency Services alongside majority investor Oakley Capital.