Private credit

Credit secondaries remains hot as Coller steps up on $1.6bn GP-led

Abry Partners’ move to seed a new private credit strategy via a continuation fund marks the latest credit secondaries deal used to kick start a new business line.

Private credit secondaries saw biggest pricing bump in H1 2024 – Greenhill

Average bids for secondhand stakes in private debt funds rose to their highest point since at least 2017.

‘We wouldn’t rule out a CV in the future’: SMBC’s EMEA levfin head on its €450m fund

Pantheon took the lead on SMBC’s secondaries transaction to seed a private credit fund.

Alameda County pension to speed up roll process for private credit continuation funds

The new policy would let ACERA’s staff make the decision to roll existing assets or portfolios into continuation funds if that falls in line with ACERA’s financial consultant’s recommendation.

Coller, Tikehau among firms with funds targeting private credit secondaries

There are 10 such vehicles in market, according to Secondaries Investor data, targeting at least $4.3bn between them.

Four asset classes due to see huge secondaries growth – PJT report

PJT Partners expects private equity secondaries to see $75bn of volume in H2 2024.

Pantheon leads on SMBC’s secondaries deal to seed €450m private credit vehicle

A strip of performing loan investments have been moved off SMBC Group’s balance sheet to establish a new fund, according to a statement seen by Secondaries Investor.

GCM Grosvenor targets credit secondaries with dedicated fund

The firm was one of the backers of a $1.2bn private debt deal with Guggenheim Investments last month.

Korea’s $793bn NPS forms dedicated continuation fund, GP stakes teams

The country’s largest public pension will pursue both private equity and private credit continuation fund opportunities, according to investment policy committee member Sam Y Chung.

Credit secondaries specialist FoxPath expands with Goldman hire

The firm, founded by ex-Morgan Stanley and ex-Apollo execs, is planning to add a few more hires by the end of the year.