John Bakie
A new open-end fund has already secured €550m to invest in European private credit.
The firm’s new co-heads took over at the beginning of the year with plans for new products and geographies to expand the London-based manager’s debt footprint.
The new strategy will invest in deals alongside existing Carlyle funds in direct lending, opportunistic credit and real assets debt.
Once known as a predictable, stable and easily modelled asset class, real estate has seen a tumultuous start to the decade that has thrown doubt on many established investment philosophies.
Difficult fundraising conditions have been observed across the private markets investment industry.
The fund is the firm’s first flagship since it was acquired by Nuveen in 2023 and will enable it to be more active in the large loan space.
The firm has raised €300m to invest in mid-market European companies with a focus on sustainability.
The fund manager is launching its first opportunities fund to capitalise on an upcoming refinancing wave in Europe.
We look at how rapid rates increases completely changed the market in 2023 as part of our series assessing the trends of the year.
Voting for the 2023 PDI awards is now open!