Private debt managers expect there to be industry-wide consolidation over the next few years, according to a new report. New research by Carne Group found that nearly all managers (96 per cent) surveyed globally anticipate industry-wide consolidation in the next five years, with 72 per cent expecting it to be significant, set against a backdrop […]
ICG has appointed Oaktree Capital Management’s Richard Young as managing director of its client solutions group, with responsibility for the firm’s UK institutional clients. According to a post on LinkedIn, Young has already started his new role, which is based in London. He will report into Bashak-Julianna Demir, European head of the client solutions group, […]
Alternative asset manager Rithm Capital has agreed to acquire Crestline Management, an alternative asset manager with $17bn (£12.6bn) in assets under management (AUM), for an undisclosed sum. Crestline is a fully-integrated platform offering private credit and alternative investment strategies across direct lending, opportunistic credit, and fund liquidity solutions. It also manages a reinsurance strategy with […]
Goldman Sachs and T. Rowe Price have announced a ‘strategic collaboration’ aimed at delivering a range of diversified private market solutions for retirement and wealth investors. The partnership will leverage the strengths of both firms and will aim to provide a range of wealth and retirement offerings that incorporate access to private markets for individuals, […]
The European private credit market is set to seize opportunities created by de-globalisation and is primed for faster growth than other markets, according to Moody’s. In a new report, Moody’s said that de-globalisation is “accelerating calls for capital” as countries push towards greater self-sufficiency and policymakers ease the way, particularly in Europe and the US, […]
French investment manager Rgreen Invest has announced a strategic partnership with German private bank Donner & Reuschel to broaden investors’ access to European energy transition infrastructure funds. As part of the deal, Donner & Reuschel will distribute Rgreen’s investment strategies in Germany, including its debt funds, designed to finance entrepreneurs and projects driving the European […]
UK-headquartered SME lender Funding Circle saw its pre-tax profits increase to £6m in the first half of 2025, up from £500,000 year-on-year. The FTSE-listed lender also saw its revenues increase by 17 per cent to £92.3m from £79.1m over the same period last year. Read more: Beach Point Capital makes senior leadership appointments It also […]
Boutique asset managers are turning to outsourcing and international expansion in response to mounting regulatory and commercial pressures, a new survey has found. The 2025 Boutique Asset Management Survey from Universal Investment Group found that more than half (52 per cent) of respondents plan to outsource at least one business function within the next 12-24 […]
Nuveen Private Capital, which comprises US and European asset managers Churchill Asset Management and Arcmont Asset Management, has entered into a strategic partnership with investment firm Hunter Point Capital (HPC) and global investment company Temasek. HPC and Temasek will make minority investments in Nuveen Private Capital, while Temasek will also provide long-term capital commitments to […]
Beach Point Capital Management has appointed Josh Baumgarten in the newly-created role of president and chief investment officer, and Eric Storch as global head of client partnerships and business development. Both executives will be based in the $20bn credit specialist’s New York office, with the appointments taking immediate effect. Baumgarten will join Beach Point’s executive […]
Royal London Asset Management, the £181bn fund management arm of pensions and investment company Royal London, has named Will Nicoll as its new chief investment officer, having joined in 2023 as head of private assets. Prior to Royal London Asset Management, Nicoll was at M&G, where he held the role of chief investment officer, private […]
M&G’s private markets assets under management and administration (AUMA) grew to £77bn in the first half of 2025, up from £74bn in 2024, as it broadens its offering. Private and structured credit accounted for £25bn of private assets AUMA, behind real estate at £33bn, according to the asset manager’s 2025 half-year results, in which it […]
Adams Street Partners has established a presence in the Gulf region, with the opening of an office in Abu Dhabi led by Leila Kaissi. The private markets investment firm said that having an “on-the-ground presence” in the financial district of ADGM will enable it to enhance longstanding relationships across the region, as well as support […]
Pan-European real estate credit advisory firm Art Capital has launched a commercial real estate (CRE) back leverage advisory division, led by newly-appointed Alexander (AJ) Storton, a former executive at JP Morgan. Storton, who joined Art Capital as its fourth partner in late August, will establish and lead Art Capital Structured Finance (ACSF), initially advising clients […]
UK development finance platform Relendex has partnered with the British Business Bank to support the small to medium enterprise (SME) housebuilding sector. The British Business Bank has committed £15m, which will be managed by Farringdon Portfolio Ltd, an appointed representative of Relendex. Read more: Aberdeen partners with Titanbay to simplify private markets access Under the […]