Private Debt Investor

Boston Retirement System commits $20m to real estate debt

The US-based pension fund plans to commit $90m across various real estate strategies.

Loan Note: Monomoy hits target for latest fund; default rate decreases

Monomoy reaches target for latest fund. Plus: monthly default rate eases; and Mosaic closes second SBIC. Here’s today’s brief for our valued subscribers only.

Why managers may struggle to cope with the demands of ABF

Recent bankruptcies have highlighted the need for extensive due diligence and, also, post-deal monitoring of risk in asset-based finance. Are relative newcomers to the space sufficiently equipped?

Exclusive: Blue Owl’s Packer says firm won’t revive BDC merger

Co-president dispels speculation that controversial move to merge two BDCs might be reconsidered.

The AI threat to delayed exits

Private credit managers happy to extend loan holding periods may find new technologies will wait for no one.

Blue Owl scraps BDC merger after sharp declines in shares

The manager confirmed the OBDC and OBDC II merger is terminated and it will re-evaluate alternatives.

A PE roll-up gone wrong and the lenders who feel the pain

Is the problem a mark-to-model issue or the lack of a sound business plan by a mid-market concern?

IFC proposes $60m commitment to private debt

The Washington-based government-related investment organisation is backing Allianz Global Investors.

Arini secures $2.3bn for direct lending fund second close

The firm’s first direct lending fund will focus on the less competitive, non-sponsored market.