Justin Slaughter
.jpg "Fund facilities: To cap duration or not?")
TPG’s time cap on fund facilities highlights the heated debate on their use.
Borrowers and sponsors are getting more creative in reporting earnings on mezzanine deals, panellists at Pension Bridge conference said.
The new co-COO said the firm has tackled larger debt and equity deals in Asia.
Today’s strong, low-default US market still bears distressed fruit, experts at Pension Bridge conference said.
.jpg?id=19327394650 "TPG takes its real estate debt unit public")
The IPO was priced at $20 per share of common stock of TRTX.
Blackstone’s credit arm expects to close its third distressed fund by the end of 2017.
The Charlotte, North Carolina-based firm had also raised $1bn for its North America debt fund.
The close far surpassed its preceding direct lending fund, which was wrapped up on $850m.
.jpg?id=19327363997 "SDCERS commits $100m to Mesa West, MetLife")
The southern California pension’s $687m real estate portfolio was slightly underweight in Q1.
The CLO, which the firm expects to close by the third quarter, would mark Ares’ third such vehicle in 2017.