In the Media

Nicholas Kuys and Ismail Afara from our Infrastructure team in APAC and Europe respectively spoke with Infrastructure Investor about the rapid growth of the data center market in these regions. In this wide-ranging interview, Nicholas and Ismail discuss the drivers for the rising data demand and how investment opportunities outside of the mature US data center market are becoming ever more attractive.

The huge growth of the private credit asset class has created a vast set of opportunities across different vintage years for secondaries transactions. The need for liquidity amongst LPs following lower distributions in recent years has further turbocharged this secondary market. Henri Lusa, Callum Smith, and TJ Bakshi from our Private Credit business spoke to Private Debt Investor about the transaction landscape, where we see innovation, and why we believe the private credit secondaries market is here to stay.

Our Head of Royalties, Stephen Otter, sat down with Private Equity International to talk about the latest trends across the private markets royalties asset class. In this interview, Stephen outlines why a cross-sector investment approach is our preferred model, why we believe royalties investing is best suited to evergreens, and where we see innovation in the market.

Real estate is “no longer a physical asset class or a financial asset class,” Mike Bryant, our Global Head of Real Estate, recently told PERE. In a wide-ranging interview, Mike outlines the evolution of our direct investment strategy; the progress we have made in expanding our operational capabilities to build vertical depth in key sectors; and how the corporate acquisition of specialist operators like Empira Group, as well as strategic stakes in Trinity Investments and Citivale, underscore our conviction in operational real estate, enabling access to an even wider range of thematic opportunities for our investors. Mike commented that real estate “is at an inflection point in history” and with our growing operational expertise we should be well-positioned for the next cycle.

NAV lenders have generated attractive risk-adjusted returns with low volatility through a combination of diversified underlying portfolios, strong covenants, and partnering with best-in-class managers, Patrick Lee, a Member of Management on our Private Credit team, told Private Debt Investor. Patrick was joined by our Head of Private Credit Andrew Bellis to discuss the key growth drivers in the NAV lending market, the role NAV lending plays in the broader financing toolkit for both GPs and LPs, and how this financing creates a natural alignment.

Our Co-Head of Infrastructure Partnerships, Dmitriy Antropov, joined an Infrastructure Investor roundtable to talk about the growth of infrastructure secondaries. Dmitriy told the panel that only a small fraction of infrastructure’s USD 1.4 trillion in AuM is currently trading in the secondaries market when compared to private equity, which means there is real potential for increased penetration. Dmitriy also said that the job of an infrastructure secondaries investor is likely to become more difficult given GPs are facing a harder time selling assets at a premium. However, an investor with a deep direct-like underwriting skill set and strong long-term relationships will be well-positioned.