Private Debt News

(Bloomberg) — It was little more than two and a half years ago that Franklin Templeton’s boss Jenny Johnson took to LinkedIn to express her excitement about buying European private credit stalwart Alcentra. Today, a key part of the acquired business is struggling to justify the enthusiasm.

Singapore’s state investment firm, Temasek Holdings, has unveiled a new private credit entity with an initial portfolio valued at SGD10bn ($7.5bn), marking a significant push into the rapidly expanding private credit market.

Following on from the success of its inaugural €250m private debt fund, Investec Alternative Investment Management (IAIM), a subsidiary of Investec Bank (Investec), has held the first close of its second Private Debt Fund (PDF II) at €200m.

Blue Earth Capital (BlueEarth), a specialist global impact investor, has held the first closing of its first evergreen, semi-liquid impact private credit strategy fund with capital commitments totalling €113m from a ‘select group’ of anchor investors.

Fortschritte bei Private Debt Mit der Abwicklung des «Private Debt»-Kreditbuchs habe Julius Bär weitere Fortschritte gemacht, wie es weiter heisst. Der Nominalwert des Kreditbuchs belief sich Ende Oktober noch auf rund 400 Millionen Franken gegenüber 800 Millionen per Ende 2023. Die Abwicklung soll laut früheren Angaben bis Ende 2026 weitgehend abgeschlossen sein.

Gramercy Funds Management is ramping up its private credit investments in emerging markets, targeting countries like Mexico, Turkey, and Chile after raising $760m for its third private credit fund, according to a report by Bloomberg.

Global credit investing firm Silver Point Capital has held the final close of its Silver Point Specialty Credit Fund III, which is aimed at providing loans to mid-sized companies, with $8.5bn in total capital commitments.

Brookfield Credit, the $305bn private credit investment division of $1tn-plus global alternative asset manager Brookfield Asset Management, is to make a $1bn investment in 17Capital’s net-asset-value private credit strategies.

DE Shaw & Co, one of the worlds largest hedge fund firms with over $60bn in assets, has raised $1bn for its latest private credit-focused fund, Alkali VI, which will invest in corporate and structured debt as well as synthetic securitisations, according to a report by Bloomberg.