John Bakie
The firm has received regulatory approval to offer direct lending to defined contribution pension clients.
The firm’s second opportunistic credit fund closed at more than twice the size of its predecessor with backing from LPs across the US, Europe and Asia.
The firm will continue its strategy of backing Central European growth businesses with debt and equity solutions.
The fund will continue its strategy of investing in lower mid-market companies in Europe.
Camille de Lamotte will join the firm from Goldman Sachs to lead Spanish activity and co-head French deals.
Managers see using cutting-edge tools to assist operations as high priority – but they still have plenty to do to keep up with the latest trends.
Support from the Emirate’s sovereign wealth fund and other investors will enable the strategy to hold a first close soon.
Fundraising activity sunk to its lowest since 2016.
More than half of institutional investors are underallocated to private credit.
Fundraising for distressed debt strategies continues to follow broader trends, after a poor 2023 for fundraising across the private credit space.