Private credit lenders can play an increased role in asset-based financing (ABF), potentially filling ‘financing gaps’ as banks become more selective in their lending, according to BlackRock analysis. The world’s largest asset manager, which had assets of $10.5tn (£8.2tn) as of the first quarter of this year, said that private debt can be defined as […] The post BlackRock sees opportunity for private credit in asset-based financing appeared first on Alternative Credit Investor ..read more

Petra Funds Group, the private funds administrator, has appointed former Antares Capital chief executive David Brackett to the board of directors. Petra Funds Group provides fund administration services to private equity and debt funds globally. The firm administers funds with more than $180bn (£141.2bn) in assets in total. Brackett was a founding partner of the […] The post Ex-Antares boss joins Petra Funds board appeared first on Alternative Credit Investor ..read more

Peer-to-peer development finance provider easyMoney has reported an 86 per cent year-on-year rise in pre-tax profits to £2.097m, despite a challenging year for the property sector. The firm also reported an 18 per cent year-on-year increase in revenue to £6.04m for the 12 months to 31 December 2023, according to documents filed with Companies House. […] The post easyMoney posts 86pc rise in profits appeared first on Alternative Credit Investor ..read more

Kuflink has called for more work to be done to improve access to the Innovative Finance ISA (IFISA), as new rules broaden the scope of the tax-efficient investment wrapper. From 5 April 2024, IFISA legislation has been changed to allow investors to open more than one IFISA with a new provider per year, in a […] The post More work to be done on IFISA reform appeared first on Alternative Credit Investor ..read more

Placement and advisory firm Ely Place Partners and US-based tech company Navable have launched a new platform which aims to make it easier for GPs to onboard new investors. The platform – called Influent – is free to use and has been created with high net worth individual investors and smaller institutions in mind. It […] The post Ely Place launches investor onboarding platform for GPs appeared first on Alternative Credit Investor ..read more

Sagard Credit has announced the close of its first senior lending partners fund, with $741m (£582.46m) raised. The Toronto-based credit manager exceeded its initial fundraising target of $600m. The fund has already closed 10 deals and is approximately 28 per cent committed. “Securing $741m amidst an uncertain economic environment and fundraising climate is a testament […] The post Sagard closes first senior lending fund with $741m appeared first on Alternative Credit Investor ..read more

Earlier this year, Dublin-based peer-to-peer lending marketplace Lendermarket launched ‘Lendermarket 2.0’ – an upgraded version of the platform which came with a slew of new features for existing and new investors. Two months after its launch, Lendermarket 2.0 is well established, and the feedback from investors has been overwhelmingly positive. “The feedback from investors and […] The post What Lendermarket 2.0 means for investors appeared first on Alternative Credit Investor ..read more

Star Mountain Capital has appointed Bryan Johnson (pictured) as a managing director, based in Los Angeles. The $4bn (£3.1bn) private credit fund manager, which focuses on lending to US businesses in the lower middle market, said that Johnson will work with investors on portfolio optimisation investments and potential liquidity needs through the firm’s secondaries business. […] The post Star Mountain hires MD to boost investor solutions team appeared first on Alternative Credit Investor ..read more

JPMorgan chief executive Jamie Dimon has warned that “there could be hell to pay” if more retail investors enter the private credit space without being fully aware of the risks. According to Bloomberg reporting, during an industry conference earlier this week Dimon said that the rising number of retail investors in the private credit space […] The post Dimon warns of “hell to pay” as private credit attracts more retail money appeared first on Alternative Credit Investor ..read more

PGIM Private Capital has launched its first European Long-Term Investment Fund (ELTIF), focused on direct lending. The asset manager’s private capital arm said that the ELTIF will support its loan origination efforts in Europe, providing flexibility to extend loans across the continent with a more diverse mix of borrowers. The ELTIF is an EU structure […] The post PGIM launches direct lending ELTIF appeared first on Alternative Credit Investor ..read more