Robin Blumenthal

Led by Craig Snyder and Aaron Rosen, the firm's new opportunistic credit team is focused on dealing with fixed-charge coverage ratios and the lack of DPI.

The fundraise, with more than $20bn counting SMAs and other vehicles, is the strategy’s largest since inception.

Fifth vintage of the firm’s special situations strategy focuses on senior secured, ABL loans in Northern Europe.

Second vintage has already deployed 40% of capital, and early investments are putting up net IRRs of 25%, manager says.

David Miller, Morgan Stanley’s global head of private credit and equity, knows a thing or two about managing a big portfolio, particularly during times of stress.

Credit, insurance and real estate debt accounted for more than 60% of the manager’s first quarter haul.

The firm reported a 51% jump in its private credit fourth-quarter earnings year-on-year.

CIOs and CFOs polled in the firm’s annual survey expect private debt will deliver the highest returns this year, tied with US equities.

They co-operate but also aggressively compete with each other. But what exactly are they compromising on and fighting over? We take a deep dive into the places where banks meet fund managers.

The 'oracle of credit investing' rates the Fed, the banking system and private credit, and discusses interest rates and the upside of excesses.