Sergio Padilla
LPs want more centralised data, are bullish on dealmaking in 2025, but unsatisfied with returns.
Credit’s $21.4bn in inflows accounted for over half of its total fundraising during the third quarter.
Tapping individual investors provides new sources of fundraising but also regulatory scrutiny, Moody's warned in a report.
Dividend recapitalisations also trend up, but only among higher-rated borrowers.
New Mexico’s sovereign wealth fund wants to put more than $1bn toward private debt per year.
The New York-based firm is also planning $275bn in origination annually by 2029.
Institutions may be sacrificing some yield for the sake of diversifying, says CEO Stephen Nesbitt.
The partnership will include Cliffwater, FS Investments and Shenkman Capital Management.
It is estimated that the ABF universe totals about $19trn, versus about $1.7trn for direct lending.
If the SEC approves it, the success of this novel ETF could influence the creation of others like it