Author Archives: danielenskat

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About danielenskat

www.danielenskat.com

The Boom of the Family Office and how to tap into it

DBS Private Bank and the Economist Intelligence Unit just published „the family office boom: contrasts between east and west“, with some interesting data points and anecdotes. And since asset managers are focusing more and more on wealth management and service … Continue reading

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Brookfield to acquire majority stake in credit manager Castlelake

The FT this morning reported that Brookfield Asset Management is in advanced talks to buy a majority stake in Castlelake with an investment of over $1.5 billion, including a large investment in Castlelake‘s private credit funds. Castlelake manages $22 billion … Continue reading

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Blue Owl expands into Real Estate Finance with Prima Capital Acquisition

Blue Owl is continuing its buying spree, this time for Real Estate Finance. The $165 billion multi-strategy alt manager (Credit, GP Strategic Capital, Real Estate), announced the acquisition of Prima Capital Advisors for the aggregate consideration of $170 million. Prima … Continue reading

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Blue Torch Capital Closes $2.3B Credit Opps Fund

Blue Torch, a NY based private credit manager surpassed the $2B fundraising target with the closing of Blue Torch Credit Opportunities Fund III, raising $2.3 billion. Similar to the other vintages, the fund will focus on bespoke credit solutions for … Continue reading

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IMF addresses growth of private credit market and „severe data gaps“

The IMF in a financial sector stability blog says „fast-growing $2 trillion private credit market warrants closer watch“ The IMF yesterday in a writeup put the private credit market at $2.1 trillion globally, with 75% of that total in the … Continue reading

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Gen Z is more likely to own cryptocurrency than real estate or stocks

The new Policygenius 2024 Finanical Planning Survey revealed that millennials and Gen Z has a lot of financial catching up do do – they own 74 cents for every $1 of wealth that baby boomers owned at the same age. … Continue reading

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AGL Credit Management launches AGL Private Credit Platform with Barclays and ADIA

AGL Credit Management is a boutique credit asset manager founded in 2019 with $14 billion + in AUM across multiple CLO vehicles. AGL was formed by a subsidiary of ADIA, Peter Gleysteen and the late Thomas H. Lee, the private … Continue reading

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Private real estate lender Kiavi launches construction product via tech and data platform

Kiavi is one of the largest US private lenders to residential real estate investors, with close to $19 billion in funded loans – with a focus on technology & data for economies of scale. Today they launched a new construction … Continue reading

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Goldman‘s 2023 Global Insurance Survey Highlights

GSAM interviewed 343 CIO/CFOs about their views on everything ranging from the economy, asset allocations, return expectations, portfolio construction and industry capitalization. Some highlights as they relate to asset management and private markets: – Globally, 51% of respondents expect to … Continue reading

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Ex-Citadel trio partners with CC&L to launch FortWood Capital

The former Citadel EM Credit PM team including Michael Mormile, Jonathan Hartofilis and Richard Li have teamed up with Canadian multi-boutique asset manager Connor, Clark & Lunn to create FortWood Capital as a new boutique. FortWood will offer absolute return … Continue reading

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