Tag Archives: private markets

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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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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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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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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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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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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