The funds offer investors two strategies of varying risk and are targeting gross returns ranging between 9% and 14%.
Deal sourcing will be led by Peng Fu, a former MD at Chinese investment manager Fosun, according to an investor email seen by PDI's sister title PEI.
The ‘responsible’ movement has gained momentum in emerging markets, but credit may be on the verge of replacing equity as the main driver of change. In outlining a potted history, David Creighton of Convergence explains why
The London-based firm is also preparing to launch a CLO as it makes plans for an unpredictable year in the credit markets.
The firm continues to diversify its asset base to achieve its ambitious long-term fundraising goals.
The deal transfers management of two real estate funds to BSP including investment professionals and salespeople.
Andrew Scotland becomes co-head of special situations debt in Europe, a role in which he will work alongside fellow co-head Duncan Priston.
Peter Glaser will take over the European direct lending team, supported by two senior hires.
First Eagle Alternative Credit has wrapped up its first fund since being formed from First Eagle Investment Management’s acquisition of THL Credit last month.
Teiki Benveniste joins as head of the joint venture between Ares Management and Australian asset manager Fidante Partners.