The hires will support deployment of ICG’s first vintage of its mid-market strategy.
With the hires of Meg McClellan and Michael Apfel, respectively, the two firms are putting further emphasis on credit products.
The move is part of NN IP’s aim to grow its alternative credit capabilities, which already amount to €40bn of assets.
Rakesh Jain will help lead the firm's expansion in private credit primaries, secondaries, co-investments and special situations.
Rakesh Jain will help lead the firm's expansion in private credit primaries, secondaries, co-investments and special situations.
Investment leadership will be shared across New York and London under new structure.
Smart GPs can fundraise successfully if they go into the process tactically and well-informed, says Tavneet Bakshi, partner at FIRSTavenue.
Controversial aspects of deal structures such as EBITDA addbacks and restricted payment baskets will come under scrutiny as and when conditions get tougher, says Ares' Michael Arougheti.
There is the same kind of dislocation in the market that enabled Canada’s PSP to make high returning investments when it first launched into private debt.
StepStone partner John Bohill on the architect career plans that crumbled, the challenges of cycling and lessons learned in the brave new world of private debt