Non-bank NAV lending margins widen to 794 bps
Bank NAV margins narrowed to 435 bps over the same period as non-bank lenders moved into complex NAV deals, according to Corpay.
Private debt returns 1.88% in Q2, lagging private markets
State Street's private capital index returned 4.37% in the quarter and 11.8% over 12 months against private debt's 7.07%.
Barings tells insurers to review IG CLO allocations
The manager says European and US rule changes are set to make senior tranches more capital efficient for insurance balance sheets.
State Street adds daily NAV pricing for Apollo's $850bn credit arm
The covered strategies were not named, and the model replaces their monthly valuations with daily marks.
Liability management tally hits 14 in Q3
Eleven of the 14 raised new money and 65 other names sit in the pipeline, per 9fin.
Tree Line closes $680m continuation vehicle with PGIM and LGT
The vehicle gives existing investors across several Tree Line direct lending funds a liquidity option while Tree Line keeps the loans.
AllianzGI leads KKR's first direct lending continuation vehicle
The portfolio is mostly senior US direct lending loans and the deal size was not disclosed.