$30Trillion in Private Credit

Oct 14, 2024

Let's dive into this week's fast-changing world of private credit.

A new deal between INA and AllianzGI aims to capitalise on the growing demand for private credit in Asia (Link)
Institutional investors and private credit firms are diving into the $1trillion collateralised loan obligation (CLO) market ( Link)
European Central Bank raises concerns about risks in private credit markets" (Link)
Former Citigroup Global Markets CEO John Heppolette launches Old Orchard Private Credit LLC, a new firm focused on affordable housing (Link)
Blackstone predicts that the private credit market will skyrocket to $30 trillion, driven by active participation from pension funds (Link)
Schroders Capital identifies private credit opportunities in housing and commercial real estate debt. (Link)

Fundraising:

Siguler Guff the global private markets investment firm raises $935 Million for small business lending

M & A:

Blackstone is considering buying HPS Investment Partners, making it the world's largest asset manager in the private credit market.

Fund Launch

BNP Paribas Asset Management is to launch an evergreen diversified private credit fund
Mitsubishi UFJ Financial Group's banking arm is set to launch three funds totalling up to 100 billion yen ($670.6 million).
Russell Investments has launched a perpetual fund to provide UK professional investors access to global private credit markets

Technology

Blackstone has provided a $600 million private credit loan to Acuity Knowledge Partners, a research and data company owned by Permira Holdings.

Real Estate

Deer Park Road Management, the alternative asset manager, plans to raise $500 million to acquire distressed commercial real estate debt.
Forum Investment Group the real estate investment management closed its first private credit strategy investment fund with $226m (£173m)

Finance

Blue Owl Capital the private credit lender is to acquire $2 billion consumer loan on Upstart’s Holdings platform.

Private Credit continues to outpace other asset classes including private equity

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