John Bakie
Deal numbers are already climbing, and a mixture of further bank disintermediation and changes in private equity sentiment are likely to lead to more transactions in 2025.
The firm’s first closed-end debt fund is now more than half way to reaching its $500m target.
The fund will continue the firm’s strategy of backing non-sponsored businesses in transition and taking a private equity-style approach to engagement.
The fund is thought to be one of the largest ever raised for European private debt and, with associated vehicles and leverage, will have around €30bn of deployable capital.
A new service will help wealth managers to design private markets products for their high-net-worth clients.
Fundraising dipped again in 2024 but large funds continue to increase their market share.
After a tumultuous 2024 for the UK, Thincats' Ravi Anand looks at some reasons to be cheerful about 2025.
After several tumultuous years, 2024 saw market sentiment start to improve and private credit reach out into new and lucrative areas of finance.
The fund will focus on opportunistic investments in firms in the business services, industrial technology and healthcare sectors.
In a fast-growing market, private debt managers will need to scale up or "be consolidated out"