Credit

Vista, in raising its own credit funds, is like other tech-focused firms like Thoma Bravo and Francisco Partners, which raised its debut credit pool last year.

Soussa's hire is the first made at the senior level by Josh Baumgarten and Adam Schwartz since they became co-CEOs in January.

The capital solutions group was formed to combine the bank’s GP-led secondaries advisory activity with its efforts to source capital for direct and co-investments.

Fund II’s expected closing comes four years after BC Partners hired Apollo Global Management’s Ted Goldthorpe to create and lead a New York-based private debt strategy.

Kerberos' Fund I and II were as, of Sept. 2020, earning a 28.7% gross IRR and a 28.3% gross IRR, respectively, according to an Arkansas TRS report.

Antares last year secured $3bn for Antares Senior Loan Fund, the Chicago firm’s first major, broadly-marketed institutional vehicle.

IMCO established credit as a separate asset class only last year. It aims to grow portfolio assets to C$8 billion-plus by 2025.

Fortress is among a group of big asset managers whose talent scattered away from financial hubs as a result of the remote-work environment spurred by the health crisis last year.

“Illiquid credit led the way toward recovery last year,” Popov told Buyouts. “It will retain its importance going forward as a necessary ingredient of recovery.”

Formentera’s strategy is not the traditional energy PE model, sources told Buyouts. It will instead focus on acquiring producing assets from operators who are motivated to sell.