Robin Blumenthal
James Zelter and John Zito are in the running to succeed CEO Marc Rowan, whose tenure is extended by five years.
He joins two others to lead asset-based credit, the fastest growing strategy
Northwestern Mutual may increase the total, and will take a minority stake in the manager.
The manager has moved to sharpen its focus on retail investors and the financial adviser community.
Headline default rates in private debt may be just the tip of the iceberg, with plenty of other dangers lurking in the dark below the surface.
The loans finance a variety of infrastructure assets, which are located primarily in Western Europe and the US.
New records are being set in the CLO market on both sides of the Atlantic, despite a subdued M&A market.
Sources say the fund received more than $3bn of equity commitments.
A plethora of pressures point to challenging times for some parts of the private debt market.
Sixth vintage of opportunistic strategy handily surpasses its $3.5bn target.