A covenant capping leverage at 9.5x EBITDA that is tripped when the borrower’s revolver is funded to a certain point? That actually happened.
3 min read · 05 October 2017
The heat is on from regulators and politicians to whittle down the country’s NPL mountain.
2 min read · 04 October 2017
The firm’s special situations investment platform has grown to more than €1bn.
2 min read · 03 October 2017
The New York-based distressed debt investment firm acquired the chain of children’s apparel shops in a Chapter 11 restructuring.
2 min read · 03 October 2017
New credit allocations allow pension plan to ‘take advantage of illiquidity premiums’.
2 min read · 03 October 2017
Debt funds are filling the US infrastructure financing gap as banks pull back and government spending remains in limbo.
5 min read · 03 October 2017
Consultants rather than funds of funds typically provide investors with tailored investment programmes, but is there scope for change?
3 min read · 03 October 2017
The asset manager’s latest CLO will mark the first investment from its partnership with a large Canadian pension plan.
2 min read · 02 October 2017
The mezzanine investment comes from the manager’s recently closed third fund, which closed on its $2.5bn hard-cap.
2 min read · 02 October 2017
With $119.5bn already raised by the end of the third quarter, this year seems almost certain to move past the previous peak of $130.1bn in 2013.
2 min read · 02 October 2017
