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...PAG, which invests across Asia including in credit and real estate as well as private equity, had raised roughly $3bn for its planned new fund by the beginning of this year, according to four people with...
...In a letter sent to its fund investors on Monday, Barings also said that following the departures it was pausing new investments in some of its private credit funds....
...In September last year real estate veteran Paul Weightman started hiring for a new fund manager designed, in the 62-year-old’s own words, to “redefine the private credit landscape”....
...the 2008 financial crisis, there has been a push to move as much bilateral derivatives business — eg interest rate swaps — as possible onto central counterparties (CCPs) in order to reduce counterparty credit...
...Under the terms of the TCA, the UK can challenge state aid given to EU industries....
...It gives you a measure of a country’s integration into the global economy....
...A 2023 survey of 58 of the largest private credit funds by Cliffwater, a US alternative investment adviser and fund manager, found they had an average leverage level of 112 per cent....
...Barings, the asset manager housed within insurer MassMutual, has sued an upstart private credit platform, Corinthia Global Management, over charges the latter improperly poached several debt investors at...
...BlackRock and Schroders said they would use credit as collateral for gilt repo in separately managed accounts for LDI funds....
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...Finally, if you are a UK resident you can apply for a free UK Global Health Insurance Card (GHIC) via the NHS website....
...Ben Whitmore, the current manager of the Jupiter UK Special Situations Fund (AUM £2.1bn), Jupiter Income Trust (AUM £1.6bn), Jupiter Global Value Unit Trust (AUM £1.0bn) and Jupiter Global Value SICAV (AUM...
...Inside the daring raid on Barings that has shaken the $1.7tn private credit market....
...German credit rating agency Scope has been fined more than €2mn for breaches related to Greensill Capital....
...Barclays, British billionaire hedge fund manager Alan Howard and European venture capital firms including Dawn Capital and Target Global are investors in the company. Alan Howard declined to comment....
...“The capital is coming in from every channel, every geography because we have attractive real yields and the biggest, most liquid credit markets,” said John McClain, a portfolio manager at Brandywine Global...
...He is currently a partner and chief economist at Apollo Global. He spoke with Unhedged last week....
...The short seller also took issue with Soho House’s “mountain” of debt maturities, with $607mn coming due in 2027 and its decision to pull forward millions of dollars of revenues by introducing a credits...
...And if an investor does need to ditch a big private credit fund exposure, they can do so at a discount to another big institution....
...CVC sought to expand into other areas such as credit while raising a succession of ever-larger funds....
...With $19bn being sucked up by Chinese equity funds (including mutual funds) alone, EPFR said: “The latest flows into China-mandated funds went predominantly to domestically domiciled ETFs as Chinese policymakers...
...The key question is therefore whether the global mutual fund complexes have the appetite to put in for a large size for a €3bn market cap retail firm with moderate growth....
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