Blackstone related stories
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Samson Resources’ junior creditors in equity swapSilver Point, Cerberus and Anschutz Investment Company will see their $1 billion junior debt stake in the bankrupt oil company convert to equity, while unsecured bondholders are still in negotiations over repayment with the KKR-backed company.
- Blackstone eyes $4bn third real estate debt fund
Blackstone has almost fully invested its second $4 billion Blackstone Real Estate Debt Strategies fund.
- Franklin Square files for new private BDC
The FSIC IV vehicle plans to offer 250 million shares at $10.60 per share to raise up to $2.65 billion.
- HIG Capital bags €110m in Portuguese assets
The value-add manager has bought two real estate-based portfolios of loans and assets.
- Erste Group pulls €2.7bn Project Neptune sale
The loan book and servicing platform called Project Neptune and belonging to Romanian bank BCR failed to reach a satisfactory price for its Austrian-bank owner.
- Banks in bid for GE’s $5bn Japanese business
The buying spree continues with Wells Fargo still said to be in the running for GE Capital’s $40 billion US commercial lending and leasing business.
- GE Capital close to Australian exit
The final bidding round for GE Capital’s Australian mid-market lending units reportedly includes three prospective buyers.
- SVP names restructuring expert to advisory council
Flip Huffard was previously one of the heads of Blackstone’s restructuring and reorganization group.
- Chart of the week: Global direct lending funds on the rise
Private debt funds with a focus on direct lending have raised more capital in 2015 to date than in 2014
- Angelo, Gordon hires new head of credit from Blackstone
Joshua Baumgarten will become a senior managing director and partner at the alternative investment firm and oversee credit across all of the firm’s debt strategies.