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INVL Asset Management launches strategic lending fund targeting private equity credit

Private Equity Insights

The fund will invest in a vehicle managed by 17Capital, a private credit firm that lends to private equity managers, investors, and funds using net asset value (NAV) as collateral. The strategy provides investors with indirect exposure to private equity through credit instruments.

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PE rethinks NAV loans as investors push back

Private Equity Wire

Reportedly according to the Rede Partners NAV Financing Market Report 2024, there is concern that these loans could weaken portfolio companies, and while they may boost returns initially, they could erode them over time. Private equity financing methods and sources are among the most closely guarded secrets in this already opaque sector.

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OMERS Names a New Global Head of PE; BCI Wins PE 2024 LP of the Year

Pension Pulse

Fraser joins from 65 Equity Partners, where he was a founding partner of a multibillion-dollar private equity initiative and the US head of investing. Prior to that, Fraser was a partner at European private equity manager Bridgepoint Group Plc and co-led technology investments. through the end of 2024.

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Paceline Equity Partners Backs $175m Merger of GCOM Software and OnCore Consulting

Private Equity Insights

An affiliate of Paceline Equity Partners, LLC , a Dallas-based private equity manager, today announced that it has participated in a $175m financing facility to support GCOM Software LLC’s merger with OnCore Consulting, LLC. Source: Businesswire Can’t stop reading?

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European PE managers lead in ESG performance

Private Equity Wire

European private equity managers are setting a high bar in environmental, social and governance performance, with half (51%) of the region’s managers now earning an “excellent” rating, according to LGT Capital Partners’s ESG Report 2024.

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UK PE tax hike could generate £1bn, says study

Private Equity Wire

The research suggests that increasing the carried interest tax rate to 45% would only reduce the take-home pay of the top 100 private equity executives by 16%, challenging the notion that a tax hike would drive investors out of the UK.

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LP sentiment to private markets remains strong, says Coller

Private Equity Wire

The expected increase in allocation to alternative assets reflects investor optimism about distribution levels, notably in private equity. Some 86% of investors say that they expect to receive an increase in distributions from private equity managers in 2024 compared with 2023.