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Private debt occupies a good position to capitalise on opportunities, but faces increased competition.
Aspida, which also sells annuities, has grown to $19bn in assets with support from Ares.
Amid industry optimism on M&A, firm’s head of private debt sees rising need for recapitalisations and refinancings.
The firm that Apollo acquired from Credit Suisse is focused on growth in ABF and warehouse financing.
The Fresno-based pension fund maintains its 8% target allocation to private debt, sees reasonable IRR from those funds.
Agreement, expected to close by end of 2024, gives BP Partners benefit of Runway’s expertise in 'growth lending'.
Credit accounted for more than 80% of the manager’s deployment in the latest quarter.
Established managers dominate fundraising and expand the addressable class of borrowers, according to a paper by the manager.
A deep segment, less competition, downside protection and solid returns through different economic environments. All reasons why the smaller deals market is flourishing, says Charles-Henri Clappier, partner and head of KSO France and business development.
The first half of 2024 has seen bumper fundraising for private debt’s number one strategy, with attention being drawn to a possible M&A revival.