Anastasia Donde
The growing insurance holding business, which owns an expanding direct lending platform, helped boost earnings at Apollo Global in Q3. The firm is also seeing increasing separate accounts with LPs and sub-advisory mandates with mutual funds focused on credit.
A third-quarter decline in credit hedge fund fees and slower deployment hit Global Markets Strategies’ results, although the firm sees future opportunities in energy credit, CLOs and other strategies.
The US alternative investment firm will use its TSSP Adjacent Opportunities Partners vehicle to invest alongside its various other credit funds and platforms.
Fortress’s credit funds have continued to perform well, even though Peter Briger says the investment environment continues to be muted.
Some of the industry's leading figures give their opinions on private debt strategies.
It was clear at this year’s conference that many LPs and their consultants are keen on giving private debt space in their portfolios, despite concerns about the impact of broader market turmoil.
Institutional consultants have been building private debt research practices in recent years and driving LP investments into the asset class. PDI spoke to some of the head research honchos about their views on the sector.
Jon Winkelried was previously co-chief operating officer at Goldman Sachs, and held other senior titles at the US bank over the years, including heading investment banking, fixed-income, currency and commodities, and leveraged finance.
The US pension is investing the money via three special situations funds managed by Carlyle, H.I.G. Bayside and TPG.
The Chicago-based lender has hired Mark Sturrock to lead origination efforts in Canada.