Justin Slaughter
The BDC, focused on senior floating rate debt, showed a slight bump in net asset value in Q3, but is still down year-on-year.
The borrower said it will use the facility to help it ‘diversify funding sources, extend debt maturities, and create additional funding capacity to pave the way for future loan growth’.
.jpg "Apollo adds Parr to management committee")
Gary Parr left post at Lazard, where he led numerous crisis-era landmark transactions, to join the global alternative asset manager.
The new team will raise capital for funds that target asset-backed and direct corporate lending, distressed debt, real estate credit, and other specialty debt.
The California-based investment firm’s fund targets structured securities.
.jpg?id=19327353310 "StepStone closes Swiss Capital acquisition")
The New York-based alternative asset manager has used the purchase to launch a new debt platform.
The firm, founded by ex-Oaktree Capital Management personnel, has deployed more than 20 percent of the capital raised.
The New York-based credit and special situations manager surpassed its $500m goal.
Michael Speller has joined the global advisory to lead its North America debt team.
The Boston-based mid-market lender has closed its fourth senior debt fund well over its $400m target.