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Asia covenant quality weakens due to China factors

Chinese property developers now have more flexibility in cash spending, debt and investment carve-outs

KKR posts 7% gross alternative credit returns in Q1

The private equity firm considers special situations, direct lending and mezzanine to be its core alternative credit strategies.

Goldman insurance survey latest to show LPs’ drift to private debt

Real asset debt and corporate loans were among the favourites of insurers, outpacing real asset equity strategies, hedge funds and public securities for planned allocation increases.

Jefferies, Stonyrock launch fund of firms partnership

The New York-based investment bank and newly-formed Stonyrock are just the latest entrants into one of alternative asset’s booming sectors: taking non-control positions in private markets managers.

Cerberus’s initial NPL fundraise collects $5.1bn

A November report from the European Commission estimated total NPL volume in the EU to be €820bn.

IFC’s private loan platform attracts $7.1bn from insurers, Asian institutions

The growing investor appetite in private loans echoes in the IFC’s emerging market private loan program, sized over $7bn and backed by global insurers and Chinese and Hong Kong institutions.

MBK Partners garners $850m for its first special situations fund

The buyout shop was looking to raise $750m-$1bn for the vehicle and is targeting returns from 20-25%

Dignari holds final close of second China credit fund on $626m

The fund has already deployed more than $300 million and wants to focus on providing downside protection in an uncertain environment

Korea Investment Corporation: ‘We are investing a lot in alternatives’

The sovereign wealth fund tells PDI why this year it is looking to invest in alternative asset classes

Madison Realty garners $1.15bn for Debt Fund IV – exclusive

New York-based firm secures its first Asian institutional capital, exceeding hard-cap of $1bn
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