Private capital assets focused on APAC are set to grow to a total $6.1 trillion by 2025, with the majority of allocations to private equity.
Joanna Munro was appointed CEO of HSBC Asset Management's new alternatives unit, overseeing $53 billion in AUM and advisement.
DWS closed its third European infrastructure fund at its $3.7 billion hard cap and ahead of its target.
Dutch pensions provider APG formed a joint venture on behalf of its largest pension fund client to invest in forests in Chile.
Park Square Capital closed its latest subordinated debt fund at $2.6 billion including committed leverage.
Ares Management Corp. closed its latest European direct lending fund at $13.2 billion, exceeding its target and reaching its hard cap.
Alternatives strategies had mixed first quarters of the year, with private debt, infrastructure and real estate continuing to be challenged.
Richard Johnson joined Appian Capital Advisory as global head of investor relations and a managing director.
Daniel McHugh was appointed CIO of Aviva Investors' $66.2 billion real assets business.
Bain Capital Specialty Finance and Pantheon's private credit business formed a private direct-lending joint venture.
John Empson was named a partner and co-head of private credit at CVC Credit Partners.
The impact of COVID-19 on the European leveraged loan market fed through to CLOs, with defaults up and loan supply down.
Private credit managers are expected to provide more than $100 billion of new financing this year, including to firms affected by COVID-19.
York Capital Management will spin out its Asia unit and wind down its European hedge funds business as part of a shift in focus.
Alternative assets under management in Asia-Pacific are set to reach almost $5 trillion by 2025, the largest growth forecast across regions.
David Scopelliti joined Mercer as global head of private debt and a partner.
Aditya Dutt was appointed president and a partner at property catastrophe reinsurance investment manager Aeolus Capital Management.
DWS Group formed a strategic partnership with Northwestern Mutual Capital to collaborate on private market strategies and ideas.
Angelo, Gordon & Co. raised more than $1.5 billion in commitments for its latest European real estate fund, exceeding its target.
Direct lenders are sharpening their focus on portfolios, as companies battered by the coronavirus pandemic call on their creditors for help.
BlueBay Asset Management will take on the U.S. collateralized loan obligation business of parent firm Royal Bank of Canada in a liftout.
Allianz is set to bring its captive real estate manager, Allianz Real Estate, under the PIMCO umbrella, creating a €100 billion unit.
AXA Investment Managers and AXA France are set to increase their equity stake in private equity firm Capzanine.
Xavier Rolet was named CEO at credit-focused money manager CQS, while current CEO and founder Michael Hintze will become executive chairman.
Firms are staying private for longer and raising more capital privately than in the past as investors shift to private markets from public.