Fundraising

The alts giant is set to launch BXPE, a dedicated private equity offering for wealthy individuals, in the coming months after it postponed raising capital for the vehicle.

‘We are now in a world where banks lend, but nearly all the risk is transferred to investors,’ Democrat Crenshaw says.

Firm now offers features ranging from legal document reviews to disbursements.

Survey suggests many investors made the mistake of pulling back in the downturns of 2001 and 2008 and want to avoid that now.

North American managers are being drawn across the Atlantic, attracted by new structures and stable regulatory frameworks, according to Crestbridge’s group head of private equity, Alex Di Santo.

A myriad factors are resulting in shorter maturities for sub lines, though borrowers can pay up for longer ones.

The survey, which compiled responses from 101 senior buyout, growth, private debt, VC, real estate and infrastructure executives globally, found a smaller number in market than a year prior.

The mega-sponsor is planning originations in the coming months, primarily in the buyouts space.

The ratings agency's report finds distributions for notes backed by fund stakes fell due to decline in deals.

Tempting (and fraught) market beckons.