Leverage

Paris-based investment manager Tikehau hired StepStone's Olga Kosters to head up the strategy in November.

The tough environment for SMEs and the business development companies that fund them represents an opportunity in a burgeoning strategy.

Major lenders in subscription credit facilities reined in new lending shortly after the crisis began in March, focusing on existing clients and facing various constraints. Smaller banks have been stepping in to the breach.

Industry players wonder what the future of the subscription credit facility market looks like, and reveal critical changes that may suggest a new, if still evolving, normal for the sector.

And why your next subscription credit facility will be more expensive.

The appointment follows that of Daniel Lee as head of fundraising and investor relations for North America in April.

The Neuberger Berman unit’s management-fees securitisation this week shows GPs are coming up with novel ways to give liquidity.

The Neuberger Berman unit has securitised future cashflows from underlying GPs' management fees to return distributions to its LPs.

Secondaries funds are more exposed to individual companies than ever and will play a significant role in seeing them through the crisis.

Ardian UK head Olivier Decannière discusses ASF VIII, transaction leverage and where it plans to invest all its dry powder.