Alex Lynn
Ascentium founder and former Credit Suisse boss James Lee will become head of Blue Owl’s institutional sales team in Asia, per a statement seen exclusively by PEI.
In her new role as managing director in KKR's Client and Partner Group, Haining Yin will primarily focus on leveraged credit, private credit, asset-based finance and opportunistic strategies.
The firm intends to raise around $415m by issuing new shares on the London Stock Exchange.
Hong Kong-based Ascentium Group was founded in 2020 by James Lee, former head of Asia distribution at Credit Suisse.
The insurance giant has promoted a member of its global credit investment team to lead its $10bn push into alternatives, Private Equity International has learned.
Drawdowns could enable managers to pre-empt liquidity issues arising from the pandemic but may compound the problem for certain LPs.
Deal sourcing will be led by Peng Fu, a former MD at Chinese investment manager Fosun, according to an investor email seen by PDI's sister title PEI.
GPs can avoid potential liquidity issues by drawing down loans early and performing greater due diligence on their lenders.
A look at the debt fund's loan terms, expected performance and opportunity set.
Top-decile institutional investors had a median allocation of 40% or more in private investments, according to Cambridge Associates research.