Samsung Life Insurance is acquiring a minority stake in Hayfin Capital Management from Arctos Partners, in a bid to broaden the asset manager’s institutional investor base. The deal builds on Hayfin’s recently announced strategic partnership with Mubadala Investment Company and AXA IM Prime, a business unit of AXA IM, which saw both firms acquire a […]
NAV financing specialist 17Capital has appointed Osama Al-Adhamy as managing director and principal representative in its Dubai office, as it looks to expand its presence in the region. Osama will be based in the Dubai International Finance Centre (DIFC), tasked with growing the firm’s institutional investor base. He comes from JP Morgan Asset Management, where […]
Private credit and equity secondaries are predicted to be the biggest beneficiaries of the inclusion of private assets in 401(k) plans in the US. President Donald Trump last month signed an executive order to make it easier to include private markets funds in individual retirement plans, triggering much excitement amongst asset managers in the space. […]
AB CarVal has agreed to provide a £500 funding facility to UK bridging lender TAB. TAB said that it will use the fresh institutional funding to launch a renewed product suite and transform the firm from a bridging specialist into a mainstream lender. “As we continue to find opportunities in asset-based finance in the UK, […]
Blackstone and State Street Investment Management are set to launch a European collateralised loan obligation (CLO) exchange traded fund (ETF), their first credit partnership in the continent. The two firms have previously partnered on two US ETFs, sponsored by State Street IM and sub-advised by Blackstone that focus on the loan and high yield spaces. […]
Albacore Capital Group has launched an infrastructure debt strategy and has hired a four-member investment team from UBS to lead the new offering. The European credit specialist said that infrastructure debt is “a natural extension of AlbaCore’s credit expertise”, noting increasing convergence in sponsor activity across the European corporate and infrastructure landscape. The firm also […]
The European Investment Fund (EIF) is committing €50m (£43.4m) to Kartesia’s asset-based finance fund, which provides financing to mid-cap firms and SMEs across the continent. Kartesia Asset Finance III (KAF III) is managed by Flexam Invest, a specialist asset management firm focused on financing tangible industrial assets, which was acquired by Kartesia in 2023. KAF […]
Long-term asset funds (LTAFs) are set to become more accessible to the UK retail investment market, as Hargreaves Lansdown has partnered with Schroders Capital to add two of the fund manager’s vehicles to its platform next week. Fund supermarket Hargreaves is the first platform to offer LTAFs within the Self-Invested Personal Pension (SIPP) wrapper, meaning […]
Pemberton Asset Management has raised $1.7bn (£1.3bn) at the final close of its debut NAV financing fund. This brings the total assets raised across its NAV financing and GP solutions strategies – both first-time fundraises – to $2.7bn. The European private credit manager’s NAV financing strategy provides loans to private equity sponsors, secured against a […]
Corinthia Global Management has appointed Ares’ Craig Shirey as managing director, based in the New York office. The London-headquartered private credit firm said that Shirey will leverage his extensive experience and leadership expertise to support the firm’s global direct lending activities. He brings decades of industry experience, having been a partner in the Ares credit […]
Navigating the credit markets is like participating in a Formula 1 race – every millisecond counts, conditions change without warning, and success hinges on real-time data, precise strategy, and the ability to adapt mid-turn. Just like a team fine-tuning their car for each circuit, credit managers must constantly recalibrate for shifting rates, risk profiles, and […]
Collateralised loan obligations (CLOs) are surging in popularity and are proving they are able to withstand market shocks – but the sector now needs to invest in greater transparency and oversight to ensure its continued growth remains sustainable, an expert has warned. Joanne McEnteggart, global head of debt, capital markets and corporate at IQ-EQ, told […]
European alternative credit firm NorthWall Capital has opened a new office in New York City. The firm has also appointed John Meuchner as senior business development executive, North America, within its investor partnerships team. Meuchner is the first local hire to be based in the new office, and will be responsible for strengthening and expanding […]
Variant has announced that its private credit impact fund has hit $86m (£64m) in assets under management as of the end of July this year. The fund capital has been deployed across a range of impact themes aligned with its sustainable development goals, including financial inclusion, equitable growth and responsible consumption. Read more: M&G grows […]
Railpen, the investment manager for the £34bn UK Railways pension scheme, has promoted Lewis Vanstone (pictured) to the role of head of infrastructure. The firm said Vanstone, who joined Railpen in 2019, has played a “a central role in expanding Railpen’s infrastructure portfolio” across renewable energy, energy storage, waste collection, hospitals and other essential infrastructure […]