Local government pension schemes are increasingly choosing more expensive alternative investments, including private equity and infrastructure, which is raising the overall fees they pay to asset managers as pension funds seek out higher returns, diversification benefits, and lower investment risk.
In this Private Equity Wire podcast, we catch up with private debt expert John Clifford, co-head of the UK private debt team at Muzinich & Co, to talk about some of the reasons why private debt is currently taking market share away from banks and how the private debt market is evolving, as well as why small companies, that would in the past have been more of a VC target, might now look to private debt instead.
Dyal Capital Partners: Best Growth Manager — Large private equity managers have seen their non-flagship funds represent a greater portion of their assets as they sought to expand their offerings to meet investor demands.
In light of the recent scandals resulting from mispriced assets, and the broader impact of Covid-19 on the global economy, the need for accurate financial and valuation reporting in private markets – where the underlying assets are largely illiquid and hard to value – is a germane issue for investors.
Brentwood Associates (Brentwood), a Los Angeles-based private equity firm, has closed the Brentwood Associates Opportunities Fund, with USD190 million in capital commitments.
Park Square Capital (Park Square) has held the final closing of its fourth subordinated debt fund, resulting in total investable capital of EUR2.2 billion.
Boston-based NorthBridge Partners (NorthBridge) and New York-based Park Madison Partners have announced the final close of NB Partners Fund III, LP (Fund III), which was oversusbcribed at its USD500 million hard cap.
Hayfin Capital Management (Hayfin) has announced a record period of deployment through its Direct Lending strategy, having invested EUR3.7 billion in 2020.
One million homes in the UK are now being powered by green energy, as a result of anaerobic digestion (AD) projects funded by dedicated, specialist Finance Arranger - Privilege Finance, the lending partner of Prestige Funds.
IQ-EQ, an investor services provider, has launched a new Global Private Debt & Credit Desk to enhance its current private debt and credit offering to align more closely with client needs and address continued demand for the asset class worldwide.