Sergio Padilla
Recapitalisations and refinancings surpass M&A, but investment banks expect a turnaround.
Manager will refinance $2.8bn of EQT’s debt and get an equity interest in the natural gas firm valued at $8.8bn
The latest fundraise beats its target and brings the second vintage of the strategy to $9bn.
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