Private credit rises as banks retreat from real estate lending
European banks are scaling back commercial real estate lending on the back of tighter capital requirements under the ‘Basel III’ rules. The retreat has opened the door for private credit funds to move deeper into property finance.
Private debt under scrutiny as market complexity grows
Private debt continues to expand in Luxembourg, but regulators, fund managers and legal experts warn that the market is becoming harder to navigate
Alumia partners with CIFC in alternative credit
Luxembourg-based investment advisory firm Alumia has announced a partnership with CIFC Asset Management, an alternative credit specialist headquartered in Miami.
Private credit: Blackrock said to buy HPS for $12 billion
Blackrock, the world’s largest asset manager, is poised to acquire HPS Investment Partners for approximately 12 billion dollars.
Pimco looks for alternatives to public credit
Bond investor Pimco is also increasingly looking to alternatives to traditional bond categories. The fund house sees attractive income-generating opportunities in real estate and private credit and plans to continue investing in these areas.
That is what Pimco wrote this week in its outlook for the coming years. The asset manager, which invests primarily in bonds, recommends working with flexible mandates in order to be able to make use of the full range of fixed-income opportunities.