The Chicago Teachers’ Pension Fund, the oldest public retirement scheme in Illinois, is planning to makes its first foray into the booming private credit market with an initial allocation of up to $350m, according to a report by Bloomberg.
AllianceBernstein has launched AB NAV Lending, a new strategy which will focus on providing flexible financing solutions based on the net asset value of private equity funds, with an initial anchor investment from Equitable Holdings.
The global slowdown in M&A means that the private credit sector is currently providing investors with better returns than they would get from private equity, according to a report by Bloomberg citing new data published by State Street.
Private equity firm RRJ Capital, which was founded by former Goldman Sachs Group Inc banker Richard Ong, is seeking to raise up to $2bn for a new fund that will focus on private credit investments in Asia, according to a report by Bloomberg.
Global private investment firm Carlyle has implemented Broadridge Financial Solutions’ cloud-based Sentry PM solution to support its private credit and collateralised loan obligation portfolio management.
Eurazeo, an European investment group, has closed its sixth direct lending fund with €2.1bn from third parties, exceeding the initial target of €2bn. Adding in the €900m  raised from retail investors, the total scale of Eurazeo’s Private Debt program totals €3.2bn
According to the annual KPMG Private Debt fund survey commissioned by the Association of Luxembourg Fund Industry (ALFI), the country’s private debt market expanded by 51% in 2023, with Assets under management rising to €404.4bn, compounding last year’s AuM growth of 45.4%.Â
KKR has seen better returns on private credit deals in Asia, compared to the US and European market, according to a report by Bloomberg.Â
Latham & Watkins has made a double partner hire, with Fergus Wheeler and Paul Yin joining the London office within the Banking Practice. Wheeler and Yin have substantial experience advising international private credit funds and direct lenders, commercial and investment banks, private equity sponsors, and corporate borrowers on a variety
The private credit boom is going to trigger a new “squeeze” that will worst affect middle-sized asset managers, according to a report by Financial Times.Â
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