John Bakie
The fund closed above target and with more than four times as much capital as its predecessor.
The global financial crisis saw the largest-ever sell-off of non-performing loans. The covid-related disruption may not be as bountiful for NPL investors, but it will offer select opportunities.
The follow up to KKR’s 2017 fund will continue to focus on junior tranches of commercial mortgages.
The UK's regulator has thrown its support behind the SONIA benchmark as a replacement for LIBOR, which could have knock-on consequences for private debt documentation.
Investors are seeking out lower-risk alternatives to existing fixed income and real asset equity exposure, according to investment consultant bfinance.
The firm intends to raise €2bn by the end of the year, and said there are huge opportunities as banks continue to dispose of non-core assets.
The deal will see ARA take a majority stake in Venn and assist with its expansion.
Writing a loan referencing SONIA could help drive industry consensus on a replacement for LIBOR.
Investing in real assets has become increasingly popular, and debt funds that provide financing for real assets projects are no exception.
The mandate will establish an evergreen fund to invest in a wide variety of debt instruments including real estate debt.