The majority of independent financial advisers (IFAs) are planning to reallocate from public fixed income to private credit, new research has suggested. A survey of more than 50 IFAs by turn-key alternative investment platform Crystal Capital Partners found that over 60 per cent are looking to increase their exposure to private credit this year. Of […] The post Advisers look to reallocate from public fixed income to private credit appeared first on Alternative Credit Investor ..read more

Abrdn saw its alternative investment portfolio, including private credit, grow by 7.3 per cent to £25.8bn of assets under management (AUM) over the first quarter. However, the division recorded gross inflows of £200m and £300m-worth of redemptions over the period, resulting in net outflows of £100m. Read more: Abrdn says 2024 should be the year […] The post Abrdn sees alternative investment portfolio grow to £25.8bn in Q1 appeared first on Alternative Credit Investor ..read more

The rise of private credit funds and the resulting increase in competition in the lending market could lead to a deterioration in quality and pricing, warned Bank of England regulator Rebecca Jackson. She noted the “Cambrian explosion in the variety and complexity of financing products that banks now provide to the private equity industry,” in […] The post BoE warns competition from private credit funds may result in lower quality products appeared first on Alternative Credit Investor ..read more

Property lender Together has selected nCino’s cloud banking platform in a bid to future-proof its business. The lender will implement nCino’s platform across all its core services, including regulated residential and buy-to-let mortgages, as well as commercial loans, bridging facilities and development finance. The nCino platform includes a loan origination system, providing an end-to-end solution […] The post Together implements nCino’s cloud banking platform appeared first on Alternative Credit Investor ..read more

Global credit rating agency Fitch Ratings is anticipating greater competition in the private debt market as a lack of deals forces all credit providers to compete for the same financing opportunities. Despite this, Fitch expects private debt providers to retain pricing power in the less competitive part of the European leveraged credit market, targeting smaller […] The post Fitch: Competition in private debt is intensifying appeared first on Alternative Credit Investor ..read more

Liquidity – or a lack of it – is frequently cited as a reason why private credit’s push into the retail market will face challenges. But this isn’t an issue in practice for most individual investors, as Benefit Street Partners’ head of research Anant Kumar explains. “Private credit should be part of everyone’s portfolio,” he […] The post People “criminally underinvested” in alternatives appeared first on Alternative Credit Investor ..read more

Folk2Folk’s Innovative Finance ISA (IFISA) will remain focused on secured peer-to-peer lending investments, despite recent changes to the IFISA remit. From 6 April, the IFISA will be extended to cover open-ended property funds and long-term asset funds (LTAFs) in addition to P2P loans. This has led to speculation that some IFISA managers could expand their […] The post Folk2Folk IFISA to remain P2P focused appeared first on Alternative Credit Investor ..read more

Macquarie is exiting car lending in favour of growing its mortgage business. The Australian financial conglomerate said that its banking and financial services group has taken the decision to cease new car lending through its direct, broker and novated leasing channels, and instead will focus on its core home loans and deposits offerings. Read more: […] The post Macquarie exits car lending to focus on mortgages appeared first on Alternative Credit Investor ..read more

Most credit markets posted positive gains in the first quarter of this year, amid a backdrop of rising US Treasury yields, a stronger dollar and lower expectations of 2024 rate cuts. Floating-rate products topped the performance table, with leveraged loans and structured credit faring particularly well, according to analysis from asset manager Ninety One. These […] The post Floating-rate products topped credit market performance in Q1 appeared first on Alternative Credit Investor ..read more

The direct lending market’s resilience “will be tested moving forward” as more losses materialise over the coming years, new research has warned. A report from Allianz noted the phenomenal growth of the private debt market, which has grown by 60 per cent to $1.6tn in the last five years. Allianz anticipates annual 15 per cent […] The post Direct lending’s resilience “will be tested” appeared first on Alternative Credit Investor ..read more