PE Giants Using Credit Funds To Grow Fee-Based Assets

Law360, New York (November 14, 2012, 5:31 PM EST) -- The largest private equity fund managers in the world have been able to grow their fee-based assets under management thanks to a spike in investor demand for credit-focused funds, according to a report by Fitch Ratings Ltd. released on Monday.

The credit ratings company, in conjunction with asset management research firm Preqin, examined the fee-based assets under management (FAUM) of five so-called private equity megafirms, led by New York-based Blackstone Group LP. All five firms have had at least a 5 percent increase in FAUM in...
To view the full article, register now.