Fund Management

A temporary injunction has been granted to prevent former Barings employees from using its confidential information to solicit clients.

The deal is part of Pemberton’s long-term goal to expand its investor base into the wealth management space.

In some areas they co-operate but, in others, competition is increasing. Traditional and alternative lenders walk a fine line between friendship and enmity.

In the latest episode of the Private Debt Investor Podcast, the Alternative Credit Council’s Jiří Król examines the implications of European regulators’ definition of loan origination funds.

The firm accuses them of contractual breaches and using confidential information to draw clients to their new venture at Corinthia Global Management.

More than 20 team members, including senior staff, have left Barings to join newly founded private credit manager Corinthia.

Given the shock of the new rate environment, some borrowers will experience problems, according to Howard Marks. He thinks talk of systemic risk is exaggerated though.

Gray tells PEI Group’s NEXUS conference that corporate and real estate debt are the fastest growing assets of the firm.

As the Middle East grows in significance as a source of capital, and travel continues its post-covid revival, Asia-based GPs are hoping they can find backing for the region’s big investment themes.

The industry veteran doesn’t believe private credit will bring down the system, but some managers will struggle in a higher-rate environment, he told attendees at PEI Group’s NEXUS 2024 summit.