TICC Capital Corp failed to garner enough votes to approve the BDC’s planned sale of its investment advisor to Benefit Street Partners. Following the vote TICC plans to keep the existing advisor as the portfolio manager.
2 min read · 22 December 2015
The private lender, established in 2012, has purchased a portfolio of Spanish performing leasing assets from GE Capital.
2 min read · 22 December 2015
The direct lending group at the alternative investment firm has acquired a £500 million portfolio of UK mid-market loans from the British bank and entered into a non-exclusive partnership with Barclays for origination of future UK transactions.
2 min read · 22 December 2015
The Bain Capital-owned credit firm has preliminary SEC filings in the works that outline the firm’s intentions to set up a private business development company.
3 min read · 18 December 2015
The Franklin Square/GSO BDCs have provided $260m in senior financing towards New Mountain Capital’s purchase of Trover Solutions, and its merger with Equian.
1 min read · 18 December 2015
It’s been a great year for private debt, but challenges on the horizon mean the next 12 months could be much more interesting.
2 min read · 18 December 2015
Executives speaking at the Bloomberg Middle-Market Lending Forum said they do not expect the Federal rate rise or recent junk bond turmoil to impact them soon.
2 min read · 17 December 2015
The European Banking Authority has issued new guidelines on limits to credit intermediaries which operate beyond the scope of regulation, effective as of 1 January 2017.
3 min read · 17 December 2015
The deal, made using Macquarie’s infrastructure debt fund, is the firm’s first in the regulated social housing sector.
1 min read · 16 December 2015
The $4.8bn transaction follows the sale of General Electric’s European mid-market financing business to the Japanese banking group in June.
2 min read · 16 December 2015
