Michael Haley
The purchase marks the money manager’s entrance into alternative investments.
The vehicle, which surpassed its target, will focus on non-sponsored specialty finance, especially asset-based lending.
The Toronto-based asset manager’s fund will launch in Q1 2022 and focus on non-sponsored, first-lien lending.
The opportunistic credit fund exceeded its $1.25bn target and reached its hard-cap.
The direct lending fund surpassed its $4bn target by $1.1bn.
The investment manager believes loan demand 'remains robust' and will reach $140bn by the end of the year.
Private debt ESG assets under management are forecast to hit €78.8 billion by 2025
The credit fund’s close exceeded the $1.5bn target by $800m and will target areas including non-sponsored lending
The economic bounce-back from covid came quickly, says Randy Schwimmer of Churchill Asset Management, which caused inflation to be on everyone's minds.
The alternative asset manager bought the firm through a 'complex structured acquisition.'