Tag Archives: private credit

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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GSAM‘s Petershill buys stake in private credit firm Kennedy Lewis

Every asset manager it seems wants to get a piece of private credit these days, either by acquisition, minority stake or team liftout. Petershill Partners, Goldman‘s private equity firm this week bought some 20% of Kennedy Lewis from Azimut (which … Continue reading

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Manulife IM completes acquisition of multi-sector alt credit manager CQS

Manulife Investment Management, the wealth and asset manager for Manulife Financial Corporation, today completed the acquisition of CQS with the approval by the UK FCA and is launching Manulife | CQS Investment Management as a wholly owned multi-sector alternative credit … Continue reading

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Blue Owl buys Kuvare to compete for insurance business

Private markets firms that do not have insurance parents have been looking to get into third-party insurance assets either through hiring key talent or… via acquisition. Blue Owl has bought Kuvare Insurance Services (dba Kuvare Asset Management) for $750 million … Continue reading

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How not to lift out: Barings, Corinthia

We have seen it time and again since pioneering asset management liftouts 55 years ago… and it seems everything you should NOT DO was done in the current Barings/Corinthia private credit debacle. Adhere to contractual stipulations and act ethically and … Continue reading

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