John Bakie
Private credit is set to benefit from a shift away from public equities and into private markets and fixed income, according the investment manager’s latest survey.
Infrastructure debt has raised significant funds in recent years but has failed to take off in 2018.
Potential crisis around trade, Brexit and Italy’s government could cause trouble for credit markets.
The combined division will look to tap into the growing demand for alternative strategies.
A slew of promotions at the fund of funds include the newly created role of chief investment officer.
The private debt market is booming. Even as lenders expand into alternative niches, the private equity-sponsored market remains by far the strongest source of deals.