PE Tech Report

Private Debt

NB Partners Fund III closes at USD500m hard cap

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.  Investors in the fund included a mix of public and private pensions, foundations, asset managers, family offices, and

Hayfin sees record deployment via Direct Lending strategy

Hayfin Capital Management (Hayfin) has announced a record period of deployment through its Direct Lending strategy, having invested EUR3.7 billion in 2020.  Hayfin reached a final close on the commingled Hayfin Direct Lending Fund III and its related separately managed accounts in 2020, raising in excess of EUR5 billion to

IQ-EQ launches enhanced Global Private Debt & Credit Desk

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. According to a survey conducted by IQ-EQ and IFI Global,

Jorge Hendrickson, Opus Fund Services

Seamless private debt administration

The “private debt” bucket within the fund industry has seen tremendous growth, opportunity, and evolution over the last few years, with no signs of slowing down. The definition and composition of the private debt space has expanded in both breadth and depth, which has led to exciting operational considerations.  Private

Aani Nerlekar, SS&C Advent

The importance of support as complexity rises

The complexity of how private debt funds are structured and managed is increasing. Cost and expenses related to private debt funds are also becoming more intricate. Newly launches, in particular, need to identify where to keep their expenses low and use their budget in ways to help maximise their output.

Scott Turley, Broadridge Financial Solutions

Private debt: Bears become bulls

By Scott Turley (pictured), Broadridge Financial Solutions – Private debt is expected to be one of the few asset-class winners of the Covid-19 crisis. As institutional investors struggle to obtain decent returns due to low interest rates and irrationally priced equity markets, many are turning to private debt managers to improve

Private debt racing towards consolidation

By A Paris – Competition has been ramping up in the private debt arena as more managers chase fewer transactions globally. This is paving the way for consolidation in the space as some of the more aggressive players may stumble, having taken on too much risk, and the larger lenders look for

Sanne makes senior appointment in its Private Debt business

Sanne, a global provider of alternative asset and corporate business services, has appointed Keith Miller as Global Head of Private Debt. Based in London, Miller will be responsible for providing expert guidance and support in building the private debt and loan agency product offering.   With more than 20 years industry experience,

Equita completes first closing of Equita Private Debt Fund II at EUR100m

Italina investment bank Equita has held the first closing of its second private debt fund Equita Private Debt Fund II (EPD II), an Italian closed-end fund, PIR compliant and managed by Equita Capital SGR, at EUR100 million.First closers included a significant portion of existing Equita Private Debt Fund investors re-upping

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