Trez Capital’s Portfolio Manager Sandra Ferenz explores the shift towards private debt and real estate as inflation-proof strategies for 2024 and beyond.
Family Offices werden 2024 ihre Investitionen in alternative Anlagen deutlich erhöhen. Wie sehr, hängt unter anderem mit dem Gründungsjahr des Family Office zusammen. Beim Thema ESG schwimmen die Family Offices gegen den Trend. Das zeigt eine KKR-Studie, für die 75 Investmentchefs befragt wurden.
Die globale Finanzkrise ist kein guter Indikator dafür, wie sich die Private Markets in der aktuellen Phase des wirtschaftlichen Abschwungs entwickeln werden. Warum, das weiß Eric Adler. Bei PGIM verantwortet er die gut 290 Milliarden Euro schweren Alternatives-Strategien.
Für Gläubiger mag das aktuelle wirtschaftliche Umfeld schwierig sein, aber nicht unbedingt für diejenigen, die Direktkredite vergeben. Wir sind der Meinung, dass der geringere Wettbewerb aus dem traditionellen Bankensektor, die Möglichkeit, Unternehmen mit starken Bilanzen auszuwählen, und die hohen Renditen bei Direktkrediten aktuell einen idealen Einstiegszeitpunkt darstellen könnten.
Von den 48 befragten Selektoren haben 38% erklärt, dass sie in Private Debt investieren wollen, gefolgt von Private Equity (29%), Infrastruktur (21%) und Immobilien (12%).
Credit-focused alternative asset manager Apollo Global Management has experienced a record year in annual earnings — prompting the firm’s CEO, Marc Rowan, to take a “victory lap” — and is setting targets to double its private credit origination business and put the asset class into retirement accounts, according to a report by Bloomberg.
Within the private credit, mezzanine debt funds boasted the highest returns, offering a one-year IRR of 15.5% through Q2 2023. That compares with a one-year IRR of 9% for direct lending funds and 2.3% for funds targeting distressed or special situations strategies.
„Gerade die Retailisierung von Private Assets ist für mich einer, wenn nicht der wichtigste Trend in der Vermögensanlage in den kommenden Jahren.
Ares Management Corporation announced that funds managed by its Credit Group closed approximately $10.1 billion in U.S. direct lending commitments across 78 transactions during the fourth quarter of 2023 and approximately $22.4 billion in direct lending commitments across 217 transactions in the year ended December 31, 2023. Below is a description of selected transactions that […]
Emissions disclosures in private capital were skewed toward high-NAV, high-emitting companies. Reported emissions accounted for nearly a quarter of the estimated financed emissions in private debt and over half of the financed emissions in utilities. Private-capital investors need to be aware of climate-related risks and the substantial gulf in emissions reporting by region, with North […]
Hotel Owners, Lenders Appear More Willing To Take on Mezzanine Debt in Capital Stack. Hotel investors throughout Europe are becoming more comfortable with folding mezzanine debt into their financing strategy. In fact, given the difficult financing environment, mezzanine debt could be the part of the deal that gets a project over the finish line. That’s […]
Private investment firm PineBridge Investments has collected $1.36 billion for a private-credit fund set up to provide capital to U.S. companies, significantly exceeding a $1 billion target for the pool.
Private credit – specifically middle market, sponsor-backed direct lending – looks uniquely positioned to weather the future storm thanks to a number of supportive structural factors.
Eine Umfrage unter 500 Fondsselektoren weltweit zeigt: Die Unsicherheit am Markt ist groß, die Renditeerwartungen sinken. Welche Assetklassen nun in den Fokus der Investoren rücken.
Volatile financial markets and unpredictable funding conditions deterred much capital markets activity in 2023 and those who braved the rough seas often needed different options from what had worked for the previous decade. Private equity giant KKR opted against a public block sale for US mobile technology firm AppLovin and placed US$700m in a pair […]
