Private credit

Seward & Kissel Formalizes Private Credit Practice

Retrieved on: 
Tuesday, April 9, 2024
Professional Services, Other Professional Services, Legal, Finance, Consulting, Banking, Private credit, Negotiation, Real estate, Investment management, Private equity, Bankruptcy, Capital market, Investment, Security guard, Corporation, Bank

Seward & Kissel LLP announced today that it has formalized its Private Credit group to handle its growing work within the rapidly expanding private credit asset class, now valued at $1.6 trillion.

Key Points: 
  • Seward & Kissel LLP announced today that it has formalized its Private Credit group to handle its growing work within the rapidly expanding private credit asset class, now valued at $1.6 trillion.
  • The firm’s unrivaled experience in forming private credit funds provides unique value for private credit lenders across the entire life cycle of direct-lending funds.
  • “We regularly execute private credit transactions across various industries from food delivery services to medical staffing,” said Seward & Kissel Corporate Finance partner Sophia Agathis .
  • “This group formalizes our commitment to the private credit space and concentrates our knowledge in one interdisciplinary group for the benefit of asset managers, borrowers, and others involved in private credit transactions.”
    The new practice will reside within Seward & Kissel’s Corporate Finance practice and draw on the firm’s experience in areas including Investment Management, Credit Funds, Business Transactions, Capital Markets and Corporate Securities, Private Equity, Real Estate, Corporate Restructuring and Bankruptcy, and Tax.

Adams Street Partners Raises $1 Billion for First Middle Market CLO

Retrieved on: 
Tuesday, April 9, 2024
Finance, Banking, Professional Services, Asset Management, Insurance, CLO, AEL, Private credit, Partnership, Knowledge, Equity, ASP, AUM, Partner, Summa, Security (finance)

The Private Credit team of Adams Street Partners , LLC (“Adams Street”), a private markets investment firm with more than $58 billion in assets under management, today announced the final closing of a $1 billion middle market collateralized loan obligation (“CLO”), ASP Summa.

Key Points: 
  • The Private Credit team of Adams Street Partners , LLC (“Adams Street”), a private markets investment firm with more than $58 billion in assets under management, today announced the final closing of a $1 billion middle market collateralized loan obligation (“CLO”), ASP Summa.
  • The CLO is a first for Adams Street and was structured in partnership with American Equity Investment Life Insurance Company (“American Equity Life”) (NYSE: AEL), a leading issuer of fixed index annuities.
  • “Adams Street’s first CLO represents a significant milestone for our private credit business,” said Bill Sacher , Partner & Head of Private Credit at Adams Street.
  • Adams Street and American Equity Life entered into a $2 billion joint venture partnership in 2021 to co-develop insurer capital-efficient products in middle market credit.

AGL Credit Management announces the launch of AGL Private Credit Platform and exclusive Cooperation Agreement with Barclays

Retrieved on: 
Tuesday, April 2, 2024
Banking, Professional Services, Finance, CIO, Private credit, Risk management, Credit management, AGL, ADIA, Investment banking, Investment, Multimedia, Financial services

AGL Credit Management LP (“AGL” or the “Company”), a premier investment manager specializing solely on corporate credit strategies, and Barclays Plc (“Barclays”), a global Investment Bank, today announced an exclusive Cooperation Agreement and the launch of a new private credit investment platform, AGL Private Credit ("AGL PC").

Key Points: 
  • AGL Credit Management LP (“AGL” or the “Company”), a premier investment manager specializing solely on corporate credit strategies, and Barclays Plc (“Barclays”), a global Investment Bank, today announced an exclusive Cooperation Agreement and the launch of a new private credit investment platform, AGL Private Credit ("AGL PC").
  • View the full release here: https://www.businesswire.com/news/home/20240402291135/en/
    Text reading, "Announcing the launch of AGL Private Credit Platform," in front of city buildings.
  • (Graphic: Business Wire)
    AGL PC combines AGL’s established credit competency with proprietary access to Barclays’ leading leveraged finance and investment banking origination capabilities through a long-term Cooperation Agreement.
  • We see strong investing synergies from the combination of AGL and Barclays’ expertise, creating a differentiated private credit platform that aims to address a clear market opportunity.”

Patria Announces Launch of Infrastructure Private Credit Fund Anchored by BNDES, CAF and IFC

Retrieved on: 
Wednesday, February 21, 2024
Economic development, International Finance Corporation, Sanitation, Capital market, Investment, Bank, Quality of life, CAF, Private, Private sector, Development finance institution, World Bank Group, Fund, Private credit, Brazilian Development Bank, Partnership, Renewable energy

"The investment strategy combines the skills and expertise of two important areas within Patria - Infrastructure and Private Credit.

Key Points: 
  • "The investment strategy combines the skills and expertise of two important areas within Patria - Infrastructure and Private Credit.
  • "IFC's investment in the new Patria fund will contribute to increase access to and improve the quality of infrastructure services through private sector participation in capital markets.
  • This is essential for economic growth in a context of limited fiscal space for public investments," said Carlos Leiria Pinto, IFC's Brazil Country Manager.
  • “This is a strategic step that aims to strengthen investments at the regional level and thus have a positive impact directly on these communities.

Global Survey Points to Growing Optimism Among Private Market Investors as Headwinds Ease

Retrieved on: 
Tuesday, March 5, 2024
Professional Services, Technology, Finance, Asset Management, Artificial Intelligence, Banking, Growth, Dislocation, Market, IPO, Policy, Environment, Private credit, Cryptocurrency

For the fourth consecutive year, respondents believe that private markets’ superior ability to navigate short-term volatility and economic uncertainty make them more resilient than their public market counterparts.

Key Points: 
  • For the fourth consecutive year, respondents believe that private markets’ superior ability to navigate short-term volatility and economic uncertainty make them more resilient than their public market counterparts.
  • Specifically, nearly 90% of respondents anticipate that private markets will continue to outperform their public market equivalents, with two-thirds of respondents expecting to increase their private market deployments in 2024.
  • While 39% of respondents view rising interest rates and inflation as the biggest challenges in private markets, that is significantly below the 55% level in last year’s survey.
  • The report, “Navigating Private Markets in 2024: Opportunity Knocks as Change Accelerates,” surveyed 100 institutional investors in the US, Europe, and APAC.

Crystal Capital Partners Reports Strong Growth and Increased Demand for Alternative Investment Portfolios in 2023

Retrieved on: 
Wednesday, February 28, 2024
Long/short equity, Education, Investment, Growth, Crystal, Fintech, Partnership, RIAS, Private credit, Real assets, Cryptocurrency

MIAMI, Feb. 28, 2024 /PRNewswire/ -- Crystal Capital Partners, a leading turn-key alternative investment platform for financial advisors, today announced its 2023 platform data, revealing another year of robust growth.

Key Points: 
  • MIAMI, Feb. 28, 2024 /PRNewswire/ -- Crystal Capital Partners, a leading turn-key alternative investment platform for financial advisors, today announced its 2023 platform data, revealing another year of robust growth.
  • Increased assets under management, a rise in advisory relationships and continued demand for customized portfolio solutions were the impetus of growth.
  • Crystal also saw a notable uptick in demand for customized portfolios, with 23 bespoke portfolios created in 2023.
  • Steven Brod, Senior Partner, Chief Executive Officer, and Chief Investment Officer of Crystal Capital Partners said: "The growing demand for diversified portfolios underscores a preference for tailored investment solutions rather than just access to individual funds.

The Sterling Group Announces Promotions

Retrieved on: 
Tuesday, February 20, 2024
Fund accounting, Capital market, Private credit, Bank

HOUSTON, Feb. 20, 2024 /PRNewswire/ -- The Sterling Group ("Sterling"), a Houston-based, operationally focused middle market private equity firm, is pleased to announce eight internal promotions: John Griffin and Meghan Leggett to Managing Director; Jared North to Managing Director, Sourcing; Johann Friese to Director; Anu George to Director, Fund Accounting; Aryan Sameri to Director, Commercial Diligence & Strategy; Jacob Broom to Principal, Private Credit; and Patrick Vocke to Principal.

Key Points: 
  • HOUSTON, Feb. 20, 2024 /PRNewswire/ -- The Sterling Group ("Sterling"), a Houston-based, operationally focused middle market private equity firm, is pleased to announce eight internal promotions: John Griffin and Meghan Leggett to Managing Director; Jared North to Managing Director, Sourcing; Johann Friese to Director; Anu George to Director, Fund Accounting; Aryan Sameri to Director, Commercial Diligence & Strategy; Jacob Broom to Principal, Private Credit; and Patrick Vocke to Principal.
  • In addition, Jenny Harris, current Managing Director, Private Credit, has been named Managing Director, Capital Markets for all of Sterling's investment strategies.
  • We are proud to celebrate those who have been promoted for their contributions to the firm," said Brad Staller, Partner at The Sterling Group.
  • To learn more about a career at The Sterling Group, please visit www.sterling-group.com/careers/ .

Northleaf Leads US$75 Million Senior Secured Credit Facility for Duetti

Retrieved on: 
Friday, February 16, 2024
Finance, Music, Professional Services, Entertainment, Fintech, Acquisition, Investment, Growth, Entrepreneurship, Private credit

Northleaf Capital Partners (Northleaf), a leading global private markets investment firm, announced today that it acted as the sole lead arranger of a US$75 million asset-backed senior secured credit facility to support the growth of Duetti, a music financing platform focused on a wide range of independent artists.

Key Points: 
  • Northleaf Capital Partners (Northleaf), a leading global private markets investment firm, announced today that it acted as the sole lead arranger of a US$75 million asset-backed senior secured credit facility to support the growth of Duetti, a music financing platform focused on a wide range of independent artists.
  • The financing will support Duetti’s catalogue acquisition strategy, enabling the platform to unlock growing monetization opportunities for artists in the independent music market.
  • “Northleaf is delighted to support Duetti which has built a differentiated platform within an attractive and growing segment of the music market,” said CJ Wei, Director, Private Credit at Northleaf Capital Partners.
  • Northleaf brings a flexible approach to investing with the ability to provide senior debt, junior debt, structured capital and equity to support leading specialty finance platforms globally.

Cambridge Wilkinson Investment Bank Celebrates 10 Year Anniversary

Retrieved on: 
Thursday, February 15, 2024
Investment, Partnership, NAV, Growth, Private equity, Insurance, Private credit, Security (finance)

Over the past decade your belief in our vision and commitment to excellence has been instrumental in propelling us forward.

Key Points: 
  • Over the past decade your belief in our vision and commitment to excellence has been instrumental in propelling us forward.
  • Our investor distribution and product expansions reflect the capital needs of our clients in the ever-changing financial landscape.
  • "It is a great honor and privilege to have worked with such incredible clients and investors over these initial 10 years.
  • The entire Cambridge Wilkinson team thanks you all, and we very much look forward to the next 10 years as we continue to grow and continue to offer additional capital raise services on our platform", said Rob Bolandian, Co-founder and Global Head of Investment Banking at Cambridge Wilkinson.

KKR’s Henry McVey Says Leading Family Offices Plan to Allocate More to Alternatives in 2024

Retrieved on: 
Tuesday, February 13, 2024
Asset Management, Professional Services, Thought Leadership, Finance, Estate, Balance sheet, Real estate, Private equity, Artificial intelligence, Investment company, Growth, KKR, Dislocation, Grain, Oil, COVID, GMAA, CIO, Alternatives, Private credit, Publication, Credit, Geopolitics, Real assets

“We hear the message ‘Loud and Clear’ that this segment of the market is changing – and for the better,” said McVey.

Key Points: 
  • “We hear the message ‘Loud and Clear’ that this segment of the market is changing – and for the better,” said McVey.
  • “These investors are diversifying across asset classes, and as they mature, they are getting better at harnessing the value of the illiquidity premium to compound capital.
  • Family offices are planning to allocate more to Private Credit, Infrastructure and Private Equity at the expense of Public Equities and Cash.
  • U.S. family offices allocated less to traditional Private Equity compared to counterparts in Latin America, Asia and Europe, while Asia-based family offices had relatively heavy allocations to Real Estate.