APRA said that superfund trustees ‘have work to do’ to improve their processes, with enforcement action possible for underperformers.
Texas County and District Retirement System plans to commit $1bn to direct lending strategies and $550m to distressed debt funds.
Under a decision by the Third Circuit appeals court, Akoustis may have to pay post-petition interest to debtors.
Amid industry optimism on M&A, firm’s head of private debt sees rising need for recapitalisations and refinancings.
The Columbia-based pension fund has made two new private debt commitments.
The Fire and Police Pension Association of Colorado approved the commitment to Blue Torch Credit Opportunities Fund IV.
Default rate remaining high for smaller companies, finds BlackRock. Plus: slower growth in modifications to banks' CRE loans; and Sixth Street strikes ABF partnership with Affirm.
New GPs face a tough task to attract investor interest, but there are ways in which they can maximise their prospects.
The departure comes six months after the firm said it was opening in the UAE to deepen its push into the Gulf region.
Bank regulatory requirements and borrower tax implications are preventing resolution for stressed loans.