Sergio Padilla
Lower portfolio yields and rising non-accruals are largest threats to BDCs' performance.
LPs eye further private debt allocations in strategies that lend against assets.
Alkali VI matches the size of its predecessor, drawing support from endowments, sovereign wealth funds and the firm’s own principals.
The firm that Apollo acquired from Credit Suisse is focused on growth in ABF and warehouse financing.
The partnership, which began in 2022, is one of many tie-ups between the two firms.
The Fresno-based pension fund maintains its 8% target allocation to private debt, sees reasonable IRR from those funds.
The firm's Q3 report shows private equity growth has been muted compared with other units of the business
Management fees and total inflows in Q3 were buoyed by growth in the credit unit.
Credit accounted for more than 80% of the manager’s deployment in the latest quarter.
While enthusiasm grows as lower interest rates hint at a revival of dealmaking, the future for defaults and interest coverage ratios remains mixed.