Robin Blumenthal
Some have labelled this a ‘golden age’ for private debt, but fund managers would do well to avoid complacency. Here are five threats to those in the industry.
Corporate opportunities fund adds $865.3m, while specialty finance fund holds first close on $411.5m.
The bank and asset manager will focus on direct lending to non-sponsor companies through a business development company.
Seen by some as a sign of trouble but by others as a practical way of helping firms through a rate-rise environment, payment in kind has returned to centre stage.
Including other single-investor vehicles, the vintage is expected to have nearly $10bn of new capital.
The purchase of prime auto loans is part of the asset manager’s broader push into ABF, KKR’s Pietrzak says.Â
The senior secured flagship direct lending fund has surpassed its target. Â
Firms exhibited 'muddling growth' in the latest quarter from a year ago, says Golub’s chief executive officer, but at a significantly slower pace than the first quarter.
The second vintage exceeds its $5bn target, and has invested about $2bn in more than 80 companies.Â
In the wake of Silicon Valley Bank’s collapse, the venture market has suffered turbulence – but the shakeout could also present new opportunities.
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