The opportunity in private credit has grown to $45tn (£33.5tn) globally and extends far beyond direct lending, according to a new report. In its latest whitepaper ‘The $45T Private Credit Opportunity’, Oxane Partners sets out that the $45tn private credit market now spans asset-based finance, fund finance, securitised products and infrastructure finance, in addition to […]
Insurance companies’ increasing exposure to private credit is raising some concerns, with regulators saying they’re keeping an eye on the development. In July, Professor Ludovic Phalippou from Saïd Business School, University of Oxford spoke about the risks of insurance companies piling into private credit at a Financial Services Regulation Committee hearing. “They are allowed to […]
Fortress Investment Group’s co-chief executive and managing partner Josh Pack has died. Pack joined the Fortress credit funds business at its inception in 2002 and, since then, had held leadership and chief investment officer roles in private credit, private equity, real estate debt, net lease, distressed and opportunistic investing. He had recently re-located to London, […]
Alternative credit manager Arini has priced a €615m (£536.9m) European new-issue collateralised loan obligation (CLO), making it the largest revolving new issue CLO priced this year. Arini cited “strong investor demand” for its European CLO VII, with 25 investors participating in the issuance, which is the highest for any of its CLOs to date. Read […]
Canadian alternative asset manager Sagard has appointed Dan Johnson as director of business development. Most recently, Johnson served as vice president of portfolio originations at Antares Capital, where he was focused on private equity sponsor coverage, portfolio-driven financing initiatives, and strategic market analysis. Read more: Canada’s Sagard acquires strategic stake in BEX Capital At Antares, […]
UK-based specialist independent finance broker Montane Finance has expanded with a new division focused on unsecured and asset-backed lending to SMEs. The new arm of Montane Finance will provide commercial lending of up to £1m to growing SMEs and is led by Shareen Zaman (pictured right), who joined from Response Business Finance. Read more: British […]
Alternative asset manager Tikehau Capital has named Martino Mauroner as deputy head of private debt, as part of plans to further internationalise the private debt management team. Mauroner will take on the role of deputy head of private debt from 1 October 2025, in addition to his current role as head of private debt Italy […]
Aviva Investors has added a new default defined contribution pension investment strategy to its existing core default range that will have an allocation to private markets. The new strategy, My Future Vision, will allocate between 20 per cent to 25 per cent of assets to global private markets, including in private equity, infrastructure, real estate […]
The British Business Bank’s Debt Funds programme has improved access to debt finance for smaller businesses across the UK and been successful at “crowding in” wider private sector investment into funds, according to an independent evaluation of the scheme. An evaluation conducted by SQW working with Beauhurst revealed that, in the absence of the programme, […]
Pemberton Asset Management has appointed Nils Behling as managing director, chief operating officer of its working capital solutions strategy, citing the continued growth of private credit. Behling will also serve as chief operating officer of Invensa Trade, which is Pemberton’s fintech joint venture with Santander Corporate and Investment Banking. Behling, whose experience spans private credit, […]
Business consulting services firm CGI has partnered with Barclays to integrate its global trade finance solution, CGITrade360, with Komgo’s platform Konsole. Connecting Komgo’s multi-bank network with CGI’s processing capabilities aims to provide Barclays with increased transaction speed, reduce the need for manual entry, improve transaction transparency and lower operating risk. Barclays’ corporate clients using the […]
Global private markets investment manager Pathway Capital Management has opened an office in Munich, Germany, via an affiliate, PCM Germany GmbH as part of plans to expand its European presence. Jérôme Simon, vice president at Pathway, will be based in the new Munich office, which will act as “a central hub” for supporting institutional clients […]
Credit fintech Bondaval has partnered with Swiss Re Corporate Solutions to launch a credit risk solution for corporates and financial institutions. Bondaval will underwrite and issue credit insurance policies and non-payment guarantees via its proprietary technology platform, and Swiss Re will provide insurance capacity. Read more: CWAN upgrades solutions to tackle challenges facing private credit […]
HSBC Asset Management (HSBC AM) has launched a Trade and Working Capital Solutions (TWCS) strategy together with HSBC’s global trade solutions business, giving it access to the bank’s new deal flow. The new strategy, built on an open-ended, evergreen structure, will invest in a portfolio of short-term trade finance and working capital assets, including receivables […]
Polus Capital Management has announced the closing of its latest collateralised loan obligation (CLO), Cairn CLO XX, at €450m (£393.3m). The vehicle is a European securitisation of euro-denominated senior secured loans and bonds issued mainly by speculative-grade borrowers. Read more: Investor appetite for CLOs ‘surging’ but questions raised over risks The credit specialist said that […]