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Fund I, which hit its $750m target and invests primarily in Thoma Bravo private equity deals, was deployed faster than expected.
Private debt's rising profile will make it an increasingly attractive target for cyber criminals. Cybersecurity expert George Ralph looks at ways firms can make themselves safer.
Software and technology is one of the most promising growth sectors in the US direct lending market, with a shift to cloud computing helping support an attractive opportunity set, says Brent Humphries, president of AB Private Credit Investors
Lending into the IT and software space could generate robust returns, even in a downturn – provided you pick the right spots.
Manuel Henriquez, also the venture debt lender’s former chairman and founder, stepped down after prosecutors charged him with taking part in a college admission bribery operation, to which he pleaded not guilty.
Peer-to-peer lender funding circle has announced a second closed-ended direct lending fund, this time focused on Germany and the Netherlands, as it slashes its revenue growth forecasts.
Some legal work for private debt fund managers is of a routine nature that can be both inefficient and costly when managed by the funds themselves or outsourced to traditional law firms. This has created a gap in the market for specialists to take advantage, explains Brian Korchin, managing director and VP of sales at InCloudCounsel.
Artificial intelligence is gaining ground, but humans still have their uses in private debt underwriting
The firm also reported its first quarter earnings, which listed its largest portfolio ever at $2.15bn.
A range of fintech debt-lending platforms in the US claim to offer opportunities for new and experienced investors to better diversify their portfolios. Rebecca Szkutak reports