Wealth manager AssetMark has announced it is planning to expand into private markets, with new capabilities expected to launch in the final quarter of 2025. The move will integrate private assets into AssetMark’s managed solutions and discretionary programs. Read more: Most compelling investments ‘no longer on public markets’ “Private markets are no longer optional – […]
Business Development Companies (BDCs) are an “ideal vehicle” for private credit exposure, according to a new report by investment ratings firm RSMR. The business said that taking exposure to private credit through BDCs offers several major benefits, including high income, liquidity and diversification. “A major attraction of BDCs is their high dividend payouts, which have […]
Private credit default rates have fallen for the second quarter running, dropping to 1.76 per cent for the period of 1 April 2025 to 30 June 2025, new figures show. According to Proskauer’s Private Credit Default Index, the rate is lower than that in the first quarter of this year, when it was at 2.42 […]
Blackstone reported strong financial results for the second quarter of this year, with a 25 per cent jump in its distributable profits. In its latest financial results, the company reported total distributable earnings of $1.57bn (£1.16bn), or $1.21 a share, up from $1.23bn in the second quarter of 2024. Read more: L&G and Blackstone announce […]
Private markets asset manager Eurazeo saw its assets under management (AUM) rise by four per cent in the first half of 2025 to €36.8bn (£31.9bn). Fee-paying AUM rose eight per cent to €27.8bn, including an increase of 10 per cent for third parties. Read more: Aberdeen raises £233m for new sub-line fund Its third-party fundraising […]
RBC BlueBay Asset Management has priced its 11th collateralised loan obligation (CLO) across the US and Europe at $400m (£295m). The deal comprises a diversified pool of loans issued by US corporate borrowers, and was placed with a syndicate of large international institutional investors. Read more: Evolution Credit Partners surpasses $1bn in credit protection This […]
Almost all private markets managers agree that the most compelling investments are no longer available on publicly-listed markets. Responding to a survey by Wealth Club, 97 per cent of private markets fund managers said they think the increase in companies remaining privately-held, and a rise in lending outside of traditional banking, has meant public markets […]
The asset-backed finance market is growing at a rapid rate, but has investor understanding caught up at the same pace? Jon Yarker reports… Asset-backed finance (ABF) is a rapidly growing area of private credit, with an increasing number of firms now creating dedicated strategies. This has seen competition intensify between private credit firms, eager to […]
Ares Management has boosted its infrastructure debt platform with key hires in New York and Sydney. In New York, the asset manager has appointed Jon Plavnick as a partner, to focus on sourcing, structuring and managing infrastructure debt investments throughout the Americas. Plavnick brings nearly two decades of experience in infrastructure debt, most recently serving […]
Third Point has raised $400m (£295m) at the first close of its insurance solutions fund, the firm’s first dedicated private credit fund designed for insurance companies. Third Point Insurance Solutions Fund I provides access to a variety of private credit opportunities across the US middle market and seeks to generate attractive returns for the firm’s insurance […]
Carlyle Group has hired a Goldman Sachs executive to lead its direct lending arm, as it looks to expand its private credit offering. Alex Chi, who most recently held the role of co-head of Americas private credit at Goldman Sachs Asset Management, will join Carlyle in early 2026, according to an internal memo seen by […]
Apollo has backed Concord’s $1.765bn (£1.3bn) asset-backed securitisation (ABS) which features a first of its kind 10-year tranche. The asset manager structured the deal and formed an investor syndicate led by Apollo-managed funds and affiliates. The transaction comprises a series of five-year, seven-year and 10-year senior notes, secured by Concord’s catalogue of over 1.3 million […]
Evergreen funds are increasingly targeting the retail market, but experts are concerned that these strategies are more risky when retail investors are involved. Concerns have also been raised that the shift towards retail has led to evergreen strategies attracting lower-quality assets. Evergreen funds have soared in popularity in private credit over the past few years, […]
By Enrico Sanna (pictured), CEO Platforms, Arrow Global When I speak with institutional investors looking to deploy capital into European mid-market real estate and private credit, I am often asked a very fair question: why has Arrow built such a broad, vertically integrated business? Why do we need 24 operating companies and over 4,400 people […]
Private markets investment platform Yieldstreet has successfully raised $77m (£57m) in new capital from a combination of new and existing investors, it said today. The firm now has more than 500,000 members on its platform, and the new funding will support the expansion of the platform and accelerate the firm’s private markets integration for individual […]