Blackstone related stories
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Is online lending in danger of a shut-down?Woes at LendingClub are prompting speculation about the future of the P2P phenomenon.
- Owl Rock adds principal from Partners Group – exclusive
Lukas Spiss, formerly a senior vice president at Partners Group, has joined the new private debt firm as a principal and member of the origination team.
- Four alts giants vie for American Capital assets
Ares, Apollo, Fortress and Blackstone are competing to acquire American Capital assets, according to a Reuters report.
- Energy continues to weaken GSO financials
Blackstone’s credit group reported declining revenues in Q1 as low energy prices hit some of its strategies. However, the firm said it was seeing increased opportunities in the distressed and mezzanine sectors.
- Electra invests £19m in CVC’s CLO fund
The firm has invested in its second CLO vehicle in four months. CVC’s version has a 13-year term and has raised €400m.
- Spain shines in slow Q1 for European real estate sales
The country was most active in terms of real estate loan sales volume, in an otherwise weak first quarter, according to a study from Cushman & Wakefield.
- GSO hires distressed expert
Ex- Anchorage Capital leveraged finance specialist joins Blackstone-backed effort in New York.
- Arrium’s recapitalisation plan rejected
The debt-laden Australian miner’s GSO-led plan has been given short shrift by lenders to the firm.
- Florida SBA sees opportunity in credit strategies
The US pension fund’s investment office says European banks deleveraging, distressed debt and dislocated credit are the current areas of market opportunity within its strategic investments portfolio.
- Franklin Square-backed Ascent gets $500m equity infusion
The BDC investor hopes the new capital will delever the energy company and provide more liquidity.