Funding Circle launches private direct lending fund with £30m

The platform lender is making its first major foray into more conventional private debt, but will continue to focus on providing SME loans.

Ares closes on more than $1bn for latest distressed fund

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

Latest HIG fund closes on $1.5bn amid signs of strife in Europe

With Cheyne’s €1bn close earlier in the week, an HIG Bayside vehicle is another to target ‘challenging’ conditions for smaller businesses in the region.

Cheyne scales back fund to close on €1bn

The firm’s European Strategic Value Credit Fund, targeting stressed mid-market debt, was 40% oversubscribed.
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Twin Brook pulls in record haul of $2.75bn for latest direct lending fund –...

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.
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Gender equality lending takes focus at multiple firms

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

TPG, Glendale Energy ink $500m JV for buying upstream assets

The partnership will allow TPG Sixth Street Partners to expand its energy strategy beyond providing loans to oil and gas companies.
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PDI CFOs 2019: Why expanding into an adjacent asset class is like ‘starting from...

Broadening product offerings was a topic of discussion at our forum among managers looking to grow in an increasingly competitive market.

PDI CFOs 2019: 4 takeaways for GPs about LPs

Our second annual PDI CFOs & COOs Forum highlighted high-net-worth individuals getting into the game, side letters and transparency, and more.

PDI Germany: Politics, not economics, is the biggest risk for funds

Although portfolios are strong, political uncertainty and originating good deals pose risks for private debt providers.
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