Private debt

In today's edition, A $62bn pension is seeking leverage for liquidity; A sovereign wealth fund's PE allocation falls to a nine-year low – with a catch; Chinese PE activity rebounds.

As deploying capital gets harder, lenders and lawyers are turning to hybrid structures that blend sub-line mechanics with parallel vehicles and squeezing more leverage out of uncalled commitments.

In today's edition, A 'democratisation' expert says GPs will only get one chance to deliver; Blackstone reckons evergreen 'tests' are helpful for the industry; New Mountain wants to deepen its Korea ties.

The investment into Churchill and Arcmont marks the Singapore’s sovereign wealth fund’s second such purchase in recent weeks.

The securitisation partnership straddles a middle area between two-party and broadly syndicated arrangements.

There are countless private markets firms that need a partner to help them grow in an era of scarce alpha and capital, says Arctos managing partner Ian Charles.

A portion of the NAV facility will be used to issue distributions back to LPs and is recallable if needed in the future, Private Equity International understands.

Forward-thinking managers can safeguard their investments by keeping abreast of emerging risk.

Asian healthcare specialist CBC Group believes specialised debt funds focused on pharma products can be complementary to equity investments.

The lag in private equity reporting, differences in valuation methods and volatile macro environment will dictate the asset class’s performance in 2023, says McKinsey partner Brian Vickery.