Opalesque Exclusive: Leveraged lending reaches new highs... [more]Bailey McCann, Opalesque New York: Global syndicated lending levels have reached a new high according to the latest analysis from LSEG. Global syndicated lending totaled US$4.7 trillion during the first nine months of 2025, a 7% increase compared to the first nine months of 2024 and the strongest

Other Voices: The top 10 questions emerging managers ask... [more]By: Carol R. Kaufman, Founder/CEO of Alternatives TLC Question 1: When do I need to register and how long does it take? Forget about the question of legal liability; if you're going to trade client money, you need to register. While exemptions are available, taking advantage of th

Form ADV 2A Trends 2025: What hedge fund managers should update now... [more]Matthias Knab, Opalesque for New Managers: Law firm Seward & Kissel has released its latest analysis of Form ADV Part 2A disclosures from a large, randomly selected set of top SEC-registered advisers focused on hedg

Hughes & Company closes second private equity fund... [more]Bailey McCann, Opalesque New York: Hughes & Company, a private equity firm focused on healthcare companies has closed its second private equity fund on $260 million. The fund hit its hard cap and beat its $200 million target. The firm's first fund, Hughes Growth Equity Fund I, L.P. closed

Hedge Funds: Eisler shuts, Brevan hires ex-BlueCrest PM, D.E. Shaw debuts human-run fund... [more]London's Eisler Capital to wind down after weak returns and rising costs From FT and Reuters: Edward Eisler's multi-manager fund will close following a 1.7% YTD loss and escalating talent costs, with initial investor payouts expected by year-end.

Private Credit: KKR gears up in Japan, Tikehau adds deputy head, study highlights underserved firms... [more]KKR gears up private credit push in Japan From FT: KKR is preparing a private credit expansion in Japan, hiring ex-Goldman banker Ken Murata, as governance reforms and bank retrenchment open doors for non-bank lenders.

PE/VC/Deals: Notion Capital closes USD 130 million growth fund, GIP nears USD 38 billion AES takeover, Vietnam's VPBank Securities targets USD 481 million IPO... [more]Notion Capital closes USD 130 million Growth Opportunities III From Opalesque: Notion Capital, one of Europe's top investors in venture and growth-stage business software companies, has closed its third growth fund at USD 130 million, a 50% jump over its last raise. The London-based firm i

Allocators/Institutional: Aviva shifts 20-25% of DC default into private markets, Cerulli sees USD 3.7 trillion retail private markets by 2029... [more]Aviva launches new DC default with 20-25% in private markets Aviva launched "My Future Vision," a UK DC default allocating 20-25% to private equity, private credit, infrastructure and real estate, with partners including KKR, Apollo, StepStone, Neuberger and Invesco.

Commodities: Gold hits fresh record as U.S. shutdown begins... [more]From Reuters: Spot gold climbed to a new record near USD 3,875 an ounce as the U.S. shutdown and softer labor signals reinforced rate-cut expectations, pressuring the dollar and lifting bullion.

Currencies/FX: Dollar dips on shutdown, Nomura boosts macro trading... [more]Dollar on the defensive as data blackout looms From Reuters: With the U.S. government shutdown underway and key economic releases suspended, the dollar hovered near a one-week low as markets price a high probability of an October Fed cut.

Crypto/Tokenization/Policy: UK moves to retain GBP 5 billion bitcoin haul, UK court convicts "Crypto King"... [more]UK moves to retain record bitcoin seizure after laundering convictions From Financial Times: Following convictions tied to a massive crypto-laundering case, UK authorities are pursuing forfeiture of roughly GBP 5 billion worth of bitcoin, one of the largest such hauls globally.

Legal/Litigation/Policywatch: SEC sues Brian Kahn, Climate disclosure case paused, SEC arbitration policy shift... [more]SEC sues former CEO Brian Kahn over USD 350 million fraud The agency alleges a long-running scheme tied to Franchise Group's predecessor, with investor losses surpassing USD 350 million.

News Briefs... [more]CAIS expands fund menu From Opalesque: CAIS, the alternative investment platform for advisors, announced an expansion of its marketplace, adding strategies across private credit, real estate, and hedge funds to broaden diversification options.

And, finally... [more]In India, a bizarre elephant "ownership" dispute erupted in Ranchi, with two parties claiming the same animal was either stolen or only "on loan" - authorities are now combing documents and witnesses.