Tag Archives: daniel enskat

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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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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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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