John Bakie
Fundraising has been tough so far in 2023, with the lowest haul since 2016.
The fund raised more than its predecessor and has already committed two-thirds of its capital to European mid-market companies.
A growing market for alternative lending is developing among sports leagues with multi-billion dollar financings attracting the eyes of credit managers
The firm will focus on providing structured credit for SMEs that are unable to access finance from traditional sources.
The fund hopes to benefit from less competition for private lending in the Asia-Pacific region.
The sector is continuing to grow in popularity, as seen by recent strategic moves from the likes of SoftBank and BlackRock.
The final close of its fifth generation fund means the firm has tripled its credit assets under management in five years.
Our latest LP Perspectives survey found that more than a third of investors plan to increase allocations to private debt.
A decade of fundraising data reveals two distinct eras for capital commitments to the asset class.
The deal will see the Kreos investment team join BlackRock and will expand the asset manager’s risk/return offering in private credit.