Category Archives: Asset managment

Sixth Street partners with Northwestern for $13B in ABS

Another day, another partnership between private credit leaders and insurance companies looking to get into the space. The WSJ this morning reported that Sixth Street is going to manage $13B of mostly ABS for Northwestern Mutual, kicking of 2025 as … Continue reading

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Capital Group and KKR enter into strategic partnership for alternatives, private credit, and beyond

Investment management behemoth Capital with its $2.6 trillion in AUM announced a partnership with KKR for new ways to bring alternatives into investor portfolios. KKR manages $500 billion, $200 billion of which in credit. The two firms plan to make … Continue reading

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Aflac gets into private credit with 40% stake in Tree Line Capital

The WSJ reported that Aflac is paying about $100 million for a 40% stake in Tree Line Capital Partners, bought from Tree Line management and its PE backer, Stone Point Capital, alongside a multi-year commitment to help the firm with … Continue reading

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Brookfield acquires majority stake in asset-based private credit firm Castlelake – another david and goliath partnership.

These partnerships just seem to keep happening faster and faster: niche private credit managers teaming up with large global asset manager for a win-win partnership. Brookfield is investing $1.5 billion in capital, which includes capital into Castlelake’s investment strategies by … Continue reading

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BNY partners with CIFC on private credit

BNY Mellon and CIFC have been working together for a decade, but a month ago expanded the partnership into private credit, to provide access to CIFC’s US direct lending strategy and to enhance product offerings specifically for US private markets. … Continue reading

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T Rowe reports Q1 2024 earnings

AUM reached $1.54 trillion, up 14.9% year on year, but CEO Rob Sharps cited “tailwinds from stronger-than-anticipated markets” for net outflows of $8 billion for the quarter (half the outflows from Q1/23). Only 8.5% of assets come from investors outside … Continue reading

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Tillman Infrastructure Raises $1 billion from banks and private markets leaders

Tillman was founded in 2016 in NY, and it owns and manages over 2,000 macro tower sites. It entered into a $500 million term loan facility with a syndicate of lenders arranged by JP Morgan, including Credit Agricole CIB, Banco … Continue reading

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Lazard partners with tech focused PE firm Elaia Capital

Lazard yesterday announced a strategic partnership with Elaia Partners, a European venture capital firm, supporting them in all stages of their development, from seed to their listing of public markets. This involves the creation of a new Paris-based asset management … Continue reading

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Calamos hires senior Blackrock distribution leader as head of RIA distribution

Thomas Kiley III will lead RIA strategy and distribution at Calamos, in a newly created role. He joins from Blackrock where he spent 18 years in the RIA segment as Managing Director. Calamos CEO Koudounis said “RIAs represent the fastest … Continue reading

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Cohen Steers reports $81.2B in assets, small net quarterly outflows and an operating margin of 32.8%

Investment advisory and admin fees were up 3% from last quarter to a total of $122.7 million. The operating margin was about 33%, up one percent quarter on quarter. The $81.2B in AUM are split as follows: – open-end funds: … Continue reading

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