John Bakie
The new entity will cover the range of Schroders private assets capabilities as well as its BlueOrchard impact investing brand.
The deal expands ICG’s presence in Australia and will see a new fund launched later this year.
Large distressed funds may have anticipated plenty of opportunity when the pandemic arrived. But there are signs they may be disappointed.
The firm cited growing demand for non-dilutive capital to help private equity funds create value later in their life cycle.
The fund is set to be the firm’s largest vehicle to date and will target consumer NPLs.
The fund will follow the flexible approach of its predecessor investing in both performing and dislocated credit opportunities.
European private debt deal volume surged in Q4, but that resurgence has been mixed across geographies.
The secondaries market in private debt has been showing promising growth, as GP-led deals claim a larger slice of the cake.
PEI's editorial team looks at the record $180bn raised for private equity in Q1 2021 and how average fund sizes for private debt funds topped $1bn for the first time during the quarter.
Debt funds are growing in size as fewer managers are able to secure the lion's share of capital, according to the latest PDI Fundraising Report.