Faraaz Kamran, managing director and head of healthcare leveraged finance at Madison Capital Funding, left the firm this week.
2 min read · 10 November 2015
Franklin Square’s public BDC posted weaker earnings in Q3 after several closings were delayed.
3 min read · 10 November 2015
The firm refinanced IGM Resins with a unitranche facility and Suitsupply with a PIK note for its management buyout.
2 min read · 10 November 2015
A steering committee has agreed to the proposal in a non-binding letter of support, while a second plan from a Farallon-led committee has also emerged, according to reports.
2 min read · 10 November 2015
The deal, which would have doubled the alternative manager’s debt and equity real estate assets to $27 billion while boosting the firm’s permanent capital to $95 billion, has fallen through. Neither Apollo nor AR Capital gave an explanation.
3 min read · 09 November 2015
The BDC continued to post falling revenues and assets in its Q3 earnings report and management declined to discuss the planned sale and rival bids for the firm.
2 min read · 09 November 2015
The Bain Capital affiliate picked up the portfolios at a discount, according to local media reports. The sale marks GE Capital’s exit from Australia and New Zealand.
1 min read · 09 November 2015
Twin Brook Capital Partners, Angelo Gordon’s direct lending subsidiary, has collected $400 million towards its $500 million target and fundraising should be concluded in January.
2 min read · 06 November 2015
The private debt manager, which recently underwent a restructuring at ownership level, is back in the market with two successor funds – a new direct lending vehicle and its second special situations fund.
2 min read · 06 November 2015
Return on investments declined somewhat as the lender’s old Antares partnership winds down. The BDC is now busy ramping its new joint venture with Varagon and sees increasing potential in larger syndicated lending.
3 min read · 05 November 2015
