Sergio Padilla
The firm’s entry into private debt with a direct lending fund will target sponsored and non-sponsored companies.
Three senior members of the credit solutions team will assume leadership roles at Ares’ direct lending operation.
The adviser and fund manager utilises new unlevered net-of-fees index to highlight disparity in returns.
Teachers Retirement System plans to allocate as much as $1.2bn for distressed debt and direct lending.
The interval fund seeks to invest across the manager’s credit platform.
The pension plan is looking to increase allocations to asset-backed, direct lending and distressed strategies.
BridgeInvest Specialty Credit Fund IV has an equal split of foreign and domestic LPs.
Slow M&A activity has increased competition among lenders for scarce deals.
TPG says it has expanded its sponsor network and completed almost 200 transactions.
Barclays’ liability management exercise report depicts a normalisation of the practice, and a scramble for creditors to protect themselves.