PDI Staff Writer
Greater specialisation will lead to an enhanced toolkit for operators in the market over the next five years, say Kate Sinclair and Katie McMenamin, partners in the fund finance group in Simpson Thacher & Bartlett’s London office.
Devi Aurora, managing director for financial institutions and alternative funds at S&P Global Ratings, provides insights into how the rating agency assesses NAV loans and subscription line facilities.
Transition finance is complementary to impact investing, say Tikehau Capital’s Vincent Lemaitre, head of ESG for private debt and tactical strategies, and Lindee Wong, director of climate and biodiversity.
Maryland pension poised to establish climate panel. Plus: the Alternative Credit Council charts the growth of private debt; and Aviva launches a private debt-focused Long-Term Asset Fund.
Regulatory reform is helping to drive more family offices to invest in alternative assets. Latham & Watkins has added a number of new professionals to its restructuring team.
Blackstone has provided venture capital funding for tech firm Cardo AI, which produces the asset-based finance tech it uses in its credit division. 17Capital has received a $1 billion investment for its NAV finance strategy.
European public markets have become more active through 2024 and this is having knock-on effects for private debt funds. Plus: GCM Grosvenor and CIO Investments are launching a retail infrastructure fund consisting of equity and debt.
The deadline to enter the Private Debt Investor Global Awards 2024 has been extended by a week.
Janus Henderson is launching a credit ETF consisting of a broad basket of credit instruments. Blackstone makes changes to the leadership of its tactical opportunities strategy.
Our survey respondents believe private debt is a credible alternative to the BSL market. Plus: KBRA sees demand growing for rated NAV loans; and PennantPark fund close beats target.