Infrastructure across many parts of the world is either decades old or, in some regions, barely existent. Against this backdrop, the need for infrastructure...

The Manager Selection team at SEB Asset Management published their annual Private Markets Report in early April, which explores the shifting momentum across private equity, credit, infrastructure, and real estate, as well as some more niche private assets.  “Private markets have already navigated three distinct phases in 2025. Going into the year, sentiment across private markets was broadly positive – returns in 2024 were higher, and the latest data showed positive cash flows, something we hadn’t seen in several years,” says Alexandra Voss, Senior Manager Selector at SEB. “That was a significant shift and created expectations for increased deal-making and capital returns, which would in turn support...

Collateralized Loan Obligations (CLOs) play an important role in credit markets by bridging the capital needs of corporate borrowers with the return objectives of institutional investors. At their core, these structured vehicles pool hundreds of senior secured loans and repackage them into tranches with varying levels of risk and return. Beyond their structure, CLOs serve two fundamental purposes: they provide efficient financing for companies and offer investors a diverse set of risk-adjusted return opportunities across the capital stack. “A CLO functions like a mini closed-ended fund, where limited partner (LP) commitments are tranched into AAA- to B-rated securities,” explains Cathy Bevan, Head of Structured Credit and Portfolio...

During the era of near-zero or negative interest rates, traditional fixed income delivered minimal returns, prompting investors to turn to private credit for higher...