Staff Writer

Canada's recently legalised Cannabis market could be a major opportunity for debt funds looking to diversify.

ESG hasn't always been private debt's strong point, but many in the industry are working hard to address this.

The firm has announced a definitive interest purchase agreement to obtain a majority share of CM Investment Partners.

The vehicle is the most recent in a steady stream of distressed debt products to hold closes on more than $1bn in the past week.

Research from Burgiss shows that senior debt funds garner strong returns at the 10-year mark, but still lag behind private equity.

The vehicle, which is targeting $2bn, received a $70m commitment from the Pennsylvania State Employees’ Retirement System.

The vehicle, which surpassed the fundraise of its predecessor fund, will continue the firm’s strategy of investing in US-based lower mid-market businesses.

The vehicle will invest in North American energy companies, both performing and distressed.

Organisations like Calvert Impact Capital and CNote invest through a gender lens into underserved communities.

Symon Drake-Brockman explains that, in the late stages of the credit cycle, a successful strategy in a maturing market may depend on an ability to invest across markets.