John Bakie
John Bakie joined Private Debt Investor in November 2017 as news editor. He has spent over a decade covering a wide range of financial services including private equity, venture capital, retail investment, securities trading and asset custody.
The deal will see up to €1bn of investment to grow Oaktree’s European direct lending platform.
The deal is the second between the two firms to provide liquidity to Eurazeo’s LPs while maintaining continuity for borrowers.
The joint venture is structured as a RAIF and will look to acquire mainly senior-secured direct lending stakes.
Recent events bode well for credit secondaries – a small and rapidly growing part of the overall secondaries asset class.
Thomas Doyle has joined Pemberton to help the private lender tap into demand for late-cycle lending among the private equity fund community.
The Hong Kong-based partner reflects on how debt secondaries are maturing in Asia-Pacific and his role in Ping An and Coller Capital's recent credit secondaries deal.
The secondaries market in private debt has been showing promising growth, as GP-led deals claim a larger slice of the cake.
Just over 20% of the fund is already invested in secondaries, according to founder and managing partner Jeremy Golding.
Abhik Das will be responsible for primaries, secondaries and co-investment for institutional investment programmes and managed accounts.