Tom Auchterlonie

Asset-backed securities deals have got bigger, with several closing above $1bn in the first half, according to the adviser.

Projections from Alpha Group show that portfolio NAVs would need losses far worse than during the 2008 global financial crisis for the loans to breach key covenant levels.

A diverse collateral mix of secondaries, portfolio finance and co-investments helped the Carlyle unit close above target on $1bn.

Pilot product helps LPs conduct cost-benefit analyses and lets smaller GPs act without advisers.

Agency publishes criteria for NAVs backed by LP secondaries interests, with plans to rate other NAV types down the road.

Law firm lands seasoned attorney amid growing demand for fund debt.

Secondaries activity for CFO bonds is light and could pick up if the stars align.

Trade group calls for LPAC consent in some cases, and for new fund documents to cover usage and limits.

Panelists say fundraising growth can boost bidders and cut pricing spreads.

Industry veteran Dee Dee Sklar will help the firm with its credit arm.