private credit

The private markets model is edging into the US retail retirement system, where policymakers are moving to allow 401(k) investors to gain exposure to private assets, potentially opening up a trillion dollar market to alternative managers as early as February.

In private credit, institutional investors face their biggest risk not in the asset class itself, but in selecting the general partner. Interviews with private market insiders suggest the real danger is a lack of scrutiny of managers.

A good fifteen years after the global financial crisis rewired the world’s credit circuits, a new generation of credit masters now sits in the driver’s seat of corporate finance.

The problem with private credit is not that it might blow up the financial system. It’s that it might just not be a very good investment.

Luxembourg’s private debt market has been flourishing. But products that can pose systemic risks, difficulties with valuation, and potential misunderstandings of the risks involved in the market are issues lurking in the shadows.

First-half numbers posted last week by Partners Group, followed by a sober warning from Morningstar on Monday, suggest that momentum in semi-liquid evergreens may stall if returns continue to disappoint.

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 continues to expand in Luxembourg, but regulators, fund managers and legal experts warn that the market is becoming harder to navigate

Luxembourg-based investment advisory firm Alumia has announced a partnership with CIFC Asset Management, an alternative credit specialist headquartered in Miami.

Blackrock, the world’s largest asset manager, is poised to acquire HPS Investment Partners for approximately 12 billion dollars.