Alternative Credit Investor

Nuveen acquisition of Schroders boosts alts platform to $414bn

Nuveen has acquired Schroders for £9.9bn, creating a private markets franchise worth $414bn (£303.6bn).

Pemberton strengthens CLO platform with new hire

Pemberton has appointed Oaktree’s Jay Daryanani as managing director in its collateralised loan obligation (CLO) team.

Victory Park and Privacore launch $250m asset-backed credit fund

Victory Park Capital and Privacore Capital have launched an asset-backed credit fund for wealth investors.

King Street promotes COO Kris Mastronardi to partner

King Street Capital Management has promoted Kris Mastronardi, the firm’s chief operating officer and global head of strategy, to partner.

OHA hits record $17.7bn close for first senior private lending fund

Oak Hill Advisors has achieved a record final close on its first-vintage senior private lending fund, securing commitments of $17.7bn.

Collateral-backed lending: Private credit’s ‘sweet spot’

Asset-based finance (ABF) could more than quadruple to nearly $2.6tn (£1.94tn) in the US second-lien mortgage market.

Aberdeen grows US private credit with £1.5bn deal

Aberdeen Investments has acquired £1.5bn of closed-end funds from MFS Investment Management, which cover private credit and fixed income.

Apollo tilts further towards private credit as buyout unit is broken up

Apollo has shifted its complex lending unit out of its buyout division, in a move to double down on private credit.

Hildene acquires US annuity provider SILAC in $550m deal

Hildene is set to acquire the parent company of SILAC Insurance Company, a US annuity provider, in a transaction valued at $550m.

SC Lowy closes $417m APAC direct lending fund

SC Lowy has announced the final close of its latest Asia-Pacific (APAC) direct lending fund, as the firm nears $1bn (£750.8bn) deployment