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La Banque Postale garners €365m at first close for ‘responsible infra’ fund

The fund, targeting €600m, is ‘taking advantage of new market dynamics and sector opportunities’, according to LBPAM.

PODCAST: What’s in your fund fee documents?

Private credit might be the new kid on the block in the alternative asset world, but the asset class’s fees have still evolved independently of private equity.

Ares closes on more than $1bn for latest distressed fund

The vehicle, which is targeting $2bn, received a $70m commitment from the Pennsylvania State Employees’ Retirement System.

How the UK can still exert influence in Europe

The European Parliament has approved changes to the pre-marketing of alternatives funds that should make the process easier across the continent.

Cheyne scales back fund to close on €1bn

The firm’s European Strategic Value Credit Fund, targeting stressed mid-market debt, was 40% oversubscribed.

PDI CFOs 2019: 4 takeaways for GPs about LPs

Our second annual PDI CFOs & COOs Forum highlighted high-net-worth individuals getting into the game, side letters and transparency, and more.
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Not all pension funds are completely sold on private credit

Several funds have scaled back their allocation to the asset class, but signs show that overall investor appetite is strong.

‘There’s an assumption people deserve to be paid a huge amount of money’

What does alignment of interest really mean and does the key to it lie in the economics? We asked four limited partners in Europe what they think about crucial aspects of private debt fee charging

Ask the investors: how to budget for risks

Here are our findings on selective Korean and Japanese investors’ risk appetites and favoured sub-strategies for the asset class this year.

Managers ‘should not have a free lottery ticket’

Four investors exchanged frank views about various aspects of private debt fees at a recent roundtable, with hurdle rates a lively discussion point.
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