Crowd Street is set to offer Nuveen and StepStone products on its platform. The new distribution agreements will allow Crowd Street members to access investments in private credit, private equity, secondaries, venture capital, and real assets. Previously, the platform focussed predominantly on commercial real estate investments. Read more: US property platform CrowdStreet raises $43m “The relationships […]
Over half of institutional investors say thought leadership shapes the way they select their investment managers, according to a survey by consultancy CoreData Research. The findings suggest that market commentary produced by asset managers is an important tool to differentiate themselves from intensifying competition, and to attract and maintain their client base. The survey, which […]
Oaktree Capital has raised €200m (£175m) for its second European collateralised loan obligation (CLO) equity fund. Read more: Oaktree makes senior European hire The capital was raised to fund European CLOs issued by Oaktree through the provision of CLO takeout and warehouse equity, a spokesperson for the firm told Alternative Credit Investor. The fund closed […]
Texas-headquartered Arra Finance, a subprime auto finance company, has acquired the auto finance division of US-based Crescent Bank and increased its funding capital sources. The deal, announced today, was closed on 15 September, and will allow Arra to service Crescent Bank’s $770m (£573.8m) auto loan portfolio, in addition to Arra’s own loans. The acquisition also […]
European collateralised loan obligation (CLO) issuance in 2025 is on track to potentially reach the highest levels since the great financial crisis, according to an industry update by asset manager Kartesia. Driven by exceptionally strong new issue activity and a robust pipeline of resets, the European market is seeing strong momentum with year-to-date volumes increasing […]
Alternative credit investment funds are continuing to add gains this year, following positive outcomes in the first half of this year, according to a Gapstow performance report. The New York City-based advisor for alternative credit opportunities analysed the average performance of 200 investment funds with similar alternative credit strategies. It found that in the third […]
Pursuit Funds has launched an asset-based income fund (GOFOX) to offer investors greater access to niche private markets. The closed-end, interval fund will be continuously offered and replaces the US firm’s previous private fund. Investors can expect exposure to collateral-backed investments across specialty finance, capital relief, trade finance, real assets, royalties, and sports and media […]
Nuveen has set up a global infrastructure investment platform in response to “unprecedented investor demand” for infrastructure assets. The alternative asset manager, which holds $1.3tn (£1tn) in assets under management (AUM), has integrated multiple specialised teams (including sustainable real estate financing, clean energy development, infrastructure credit, and digital infrastructure equity investments) under a unified leadership […]
Ares Management has made the shortlist of this year’s Alternative Credit Awards in 14 categories, more than any other firm. The alternative asset manager is a contender for some of the most prominent accolades, including Fund Manager of the Year and Senior Lender of the Year. Ares is followed by Eiffel Investment Group, Churchill Asset […]
TwentyFour Income Fund (TFIF) has published a prospectus to raise further equity capital. The FTSE-250 listed investment company predominantly focusses on asset-backed securities (ABS) in the UK and Europe. The open offer of new ordinary shares will be priced at up to a two per cent premium to the company’s net asset value (NAV) to […]
The credit arm of private equity firm CVC has raised €10.4bn (£9.1bn) for its fourth European direct lending fund (EUDL IV). This is the first time CVC has raised capital in the double digits for its direct lending strategies. EUDL IV has already allocated capital to over 30 investments, including KKR’s buyout of Swedish company […]
Hospitality strategies present a resilient and diversified opportunity for private credit investors’ portfolios, according to Arrow Global’s John Calvao. Calvao is partner and fund principal at the alternative asset manager, overseeing the firm’s Southern European investments and hospitality assets. Arrow’s hospitality business is predominantly based in Portugal, where Calvao is based, but has since expanded […]
DWS has appointed Florian Jacob (pictured) as head of private corporate credit, to lead the European segment of the alternative asset manager’s private corporate credit strategy. Jacob will report to Patrick Connors, global head of private credit at DWS. He brings over a decade of experience in private debt, credit trading, and structured finance, having […]
Brookfield has raised over $4bn (£3bn) at the first close of its latest infrastructure debt fund, attracting commitments from both existing and new investors. Brookfield Infrastructure Debt Fund IV targets high-yield debt investments for infrastructure assets and businesses backed by regulated, contracted, or concession-based cash flows. Sean Robertson, Brookfield infrastructure debt senior vice president, specifically […]
M&G Investments (M&G) has launched a new impact-focused private debt strategy with a €300m (£261.4m) commitment from Dutch pension fund, Pensioenfonds KPN. Aegon Asset Management has selected M&G as one of the managers for the private debt mandate of Pensioenfonds KPN. The SFDR Article 9-classified fund will provide corporate loans to businesses focused on generating […]