KKR, Barings close private debt funds

KKR closed fundraising for a $2.24bn global private credit fund on Monday that will target private junior and mezzanine corporate debt as well as asset-backed financing, while on Tuesday Barings said it had closed a $1.85bn fund that will invest in private senior secured middle market loans.

  • By David Bell
  • 09 Jan 2018

The two funds have been closed as more firms eye higher yielding private credit markets.

In a statement, KKR said that the firm had raised money from new and existing investors including public pensions, sovereign wealth funds, insurance companies, banking platforms, family offices and high net worth individuals.

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 11,614.39 49 7.38%
2 Credit Agricole CIB 10,789.94 46 6.85%
3 Deutsche Bank 8,986.23 33 5.71%
4 UniCredit 8,448.15 49 5.37%
5 HSBC 8,442.65 35 5.36%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 3,365.73 40 7.14%
2 JPMorgan 2,943.35 32 6.24%
3 Deutsche Bank 2,871.30 26 6.09%
4 Credit Suisse 2,741.05 26 5.81%
5 Goldman Sachs 2,694.50 26 5.71%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,441.09 110 9.68%
2 Citi 10,547.56 89 7.59%
3 Goldman Sachs 9,401.85 75 6.77%
4 Bank of America Merrill Lynch 9,320.56 87 6.71%
5 Barclays 9,314.40 70 6.70%