Yesterday
Most directors prefer to be on private boards, and that is a big worry
Sobering new survey findings should worry policymakers, regulators and anyone with an interest in the health and resilience of the country’s listed markets.
Why the super sector should be doubly worried about Iran
The superannuation sector hopes the Iran crisis is solved quickly so it can avoid the risk of a nasty bear market colliding with persistent operational issues.
Think private credit fears are overblown? Think again, says Deutsche
Apollo Global Management, BlackRock and Blue Owl have played down concerns about systemic risk in the private credit sector. The German bank isn’t so sure.
This Month
Private credit woes ‘couldn’t be further from the truth’: Apollo
Apollo Global Management president Jim Zelter has hosed down concerns over the viability of the private credit sector, saying media headlines are overblown.
The elusive illiquidity premium forces private assets rethink
The guiding principle that has guided billions of dollars of institutional capital into private assets might not actually exist. That’s led to soul-searching.
Soul Patts defies private credit jitters with 15pc returns
Soul Patts has made strong returns in its $1.6b private credit business and CEO Todd Barlow says he’s not afraid of investing where others will not.
Macquarie’s Shemara Wikramanayake nails the big private credit risk
While the heavyweights of private credit told the superannuation sector everything’s fine in Melbourne on Thursday, two experts see long-term risks rising.
Blue Owl co-founder says private credit has itself to blame for crisis
Doug Ostrover, now the $400 billion firm’s co-chief executive, says enormous demand for big returns is still driving investors towards the sector.
AustralianSuper claims another listed M&A kill with Pepper Money
It was far more AustralianSuper’s lack of support for the ownership change than the deal structure or the volatile markets that killed the deal, sources said.
Private credit crunch: Ares, Apollo cap fund withdrawals
The Ares Strategic Income Fund limited withdrawals to 5pc of shares after clients sought to redeem 11.6pc, according to a letter to shareholders.
New day, new cockroach: $9trn fundie’s big private credit fear
As yet another fund limits redemptions, Lori Heinel, the chief investment officer of investment giant State Street, worries a doom loop is emerging.
Brookfield, BGH Capital rub shoulders in ScotPac’s data room
There are at least eight parties studying Scottish Pacific’s books that sell-side adviser UBS will be hoping to win over before a mid-April deadline.
British giant Royal London tips $1b into return to local funds market
Two years ago, the London-based asset manager lost its entire global equities team to Pinnacle. Now it is rebuilding and expanding in Australia.
UBS names head of APAC leveraged capital markets
Holly Clements has been with UBS for 15 years and led its Australia and New Zealand leveraged capital markets efforts.
Barings poaches Challenger’s head of fixed income
Pete Robinson was instrumental in Challenger’s decision to list a $350 million debt fund last year, as APRA prepared to phase out bank hybrids.
Bain Capital joins private-equity pincer move on wealthy Australians
Bain has joined the barbarians trying to solve Australia’s financial advice headache. The potential prize is huge.
Why Chris Cuffe may tell investors in new fund to ‘talk to the hand’
The legendary investor’s new fund wants to use an old-school investor weapon to deliver returns: time.
Souring global private credit sentiment threatens to hit ASX funds
A crisis of confidence overseas has already led to a scramble for withdrawals from major investment houses such as Morgan Stanley, Blue Owl and Cliffwater.
Even war can’t stop private credit’s cockroach fear feeding on itself
An avalanche of fresh angst is smashing the private credit sector. Real problems appear limited, but that isn’t stopping fear spreading.
Partners Group sounds alarm on private credit default rates
The chair of the Swiss private capital group warns the pace could double to above 5 per cent in coming years.
