Christopher Faille
An aggressive landmark 'uptier exchange' by mutual funds, despite confusion and talk of perjury, is prevailing.
Plan is part of a bullish recent stance from Ares, including secondaries and Pathfinder.
Claim fits with Winkelried’s declared priority to “add a credit strategy”.
New SEC emergency reporting requirement is likely only the beginning of changes.
The credit fund is more than twice the size of its predecessor.
If you’re a large manager with freshly raised capital, you may be poised to prosper. For others, things could be about to get more challenging. PDI examines the landscape for private debt following the recent banking woes.
Non-traded fund will invest in senior secured direct loans as a vehicle for HNW individuals demanding uncorrelated yield.
One-third of the maturing loans were made by CMBS lenders a decade ago; the report also finds transaction volume in February plunged from the previous year.
The fund, which closed on its hard-cap of $2.2bn, will focus on 'dislocated performing credit, stressed and distressed investments'.
Fidelity’s first BDC has begun operations and will direct lend to mid- and upper-mid-market private companies.