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The California pension fund has said it will rescind its investment in the Alcentra European-focused direct lending fund over concerns about the leverage facility used in the fund.
Patricia Volhard joins the law firm as a partner and will lead its European regulatory funds practice.
Patricia Volhard joins the law firm as a partner and will lead its European regulatory funds practice.
Man Group’s acquisition of Aalto comes at a difficult stage of the cycle, but with many investors disenfranchised from other investment strategies, now might be the right time to enter the real estate debt market, finds David Brooke.
Many LPs are managing their own private debt strategies to sidestep fees, but USS is the first to start providing loans to the funds themselves, writes David Brooke.
Man Group’s acquisition of Aalto comes at a difficult stage of the cycle, but with many investors disenfranchised from other investment strategies, now might be the right time to enter the real estate debt market, finds David Brooke.
Private debt is continuing its ascendancy since the UK’s vote to leave the EU, but is now pushing investors into new territories.
In pursuit of opportunities, debt funds are loosening their covenant protections to close deals. A similar trend is reflected in the syndicated leveraged loan market.
Following the award of a €150m mandate from one of France’s largest pension funds, Schelcher Prince has a record amount of dry powder to put to work.
The global asset manager has raised $2.5bn for its fourth distressed fund, which is more than triple the predecessor vehicle.