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Ratings outfit expands its private credit team to beef up its practice.
The adviser and fund manager utilises new unlevered net-of-fees index to highlight disparity in returns.
The interval fund seeks to invest across the manager’s credit platform.
TPG says it has expanded its sponsor network and completed almost 200 transactions.
Total credit AUM increased to $330bn with inflows of $18.6bn in the quarter.
Support from the Emirate’s sovereign wealth fund and other investors will enable the strategy to hold a first close soon.
Uncertainty about the use of proceeds poses an issue for NAV lenders looking to manage ESG risks.
A significant change to the market will be entertained by the US’s regulatory body for the insurance industry on 16 March.
Music royalties backed the financing.
The firm is expanding its fund finance capabilities to private credit as increasingly sophisticated LPs look to bolster returns.