Fundraising

NHTV operates as a special situations fund, occasionally delving into asset-backed finance.

Franklin BSP Realty Trust’s Comparato breaks down the transaction, which marks a bright spot for a quiet sector.

The Chicago-based firm joins a growing list of managers targeting distress.

The fund is a direct follow up to its 2018 vehicle and will continue to back mid-market American companies.

Opportunistic vehicle nearly triples the size of its precursor, and will invest in cyclically driven dislocations.

Including leverage and other capital, the fund has an investment capacity of up to $8bn in total commitments.

Manager’s third direct lending fund nets the strategy’s largest capital commitment and exceeds an internal target.

BridgeInvest Specialty Credit Fund IV has an equal split of foreign and domestic LPs.

TPG says it has expanded its sponsor network and completed almost 200 transactions.