Goldman Sachs flagship private credit fund bucks industry sell-off Alternate Investments Goldman Sachs’ flagship private credit fund has said investors looked to pull less than five per cent of their holdings in the first three months of this year, dodging an industry-wide redemptions wave that has forced some rivals to gate their funds. The investment bank’s direct lending arm, which functions like a private equity fund [...]
Private equity run of barren returns worse than in run-up to 2008 Investing Private equity funds returned fewer profits to investors for a record fourth year running in 2025, according to a report from industry juggernaut Bain & Co which warned that fundraising for new funds had become a “slow and difficult slog”. Distributions as a percentage of net asset value (NAV), which denotes how much private equity [...]
Hamilton Lane’s Erik Hirsch: We’re seeing a private credit witch hunt Markets Depending on which central banking chief you talk to, the burgeoning private credit industry is either a cause of insomnia, a “dark corner” of finance or an arcane lending practice whose participants are behaving like bankers in the run-up to the global financial crisis. To Hamilton Lane boss Erik Hirsch, though, it is simply an [...]
Goldman-backed Petershill announces bumper dividend after pick-up in dealmaking September 17, 2024 Petershill Partners has announced a special dividend of 9 cents (7p) per share after a flurry of deals and a successful asset raising round helped the private equity firm return to growth. The Goldman Sachs-backed firm, which floated on the London Stock Exchange three years ago, generated a total income of $146m (£111m) in the [...]
Two-thirds of alternative fund managers hit with fines over governance failures August 13, 2024 Two-thirds of alternative fund managers have been hit with fines or sanctions in the last two years due to governance failures, new research has revealed. Alternative funds managers, which focus on markets beyond stocks and bonds such as property, private equity and infrastructure investing, are increasingly under pressure to up their governance ability, Bovill Newgate [...]