‘The challenge is capital constraints’

Thomas Shanklin, managing director and head of private debt at Nationwide Insurance, speaks to PDI about the nuances of being an insurance LP and opportunities in the asset class

Permanent capital: the pathway to new investors

Apollo is in the vanguard of the trend as managers seek to lessen their reliance on drawdown vehicles.

Walking a fine sub-line

The use of subscription line financing by private debt managers has been an area of controversy, but market experts say its rise is inexorable.

Private debt’s Seoul searching

Building a good rapport with Korean investors takes time, but the effort may well pay off. Andrew Hedlund reports

Activist investor Stilwell puts forward nominees for ABDC board

The activist investor is taking a stand after Alcentra’s mid-market lending vehicle didn’t buy back 10% of its stock in 2018.

Ares raising open-end RE debt fund, lands commitment from SIC

The New Mexico sovereign wealth fund has invested $242m in the Los Angeles-based manager’s vehicles since 2014.

Dyal to close Fund IV on more than $7bn in Q1

Dyal was initially targeting $6bn but is likely to raise significantly more after completing six deals from Fund IV in 2018, PEI understands.

Medley soldiers on with merger amid shareholder backlash

MCC has faced scrutiny from shareholders over plans to merge with MDLY, despite an independent committee finding it to be the best option for the portfolio's performance.

San Francisco pension fund plans $800m for private credit

The allocation will have a bias toward senior and mezzanine debt strategies, which the retirement plan has labelled ‘capital preservation’ strategies.

CDPQ backs Edelweiss’ second distressed debt fund

The Mumbai-based alternative asset manager has held a final close on its successor distressed vehicle on $1.3bn.

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