Net income was down $506.9m in the first quarter, but the firm continued to grow assets, including new commitments to special situations, mezzanine and direct lending funds.
2 min read · 26 April 2016
The ratings agency gave a negative sector outlook to BDCs, listing concerns over leverage and energy losses.
3 min read · 26 April 2016
The Dallas-based firm finished fundraising in five months, a similar timeline to fundraising for its predecessor vehicle.
2 min read · 26 April 2016
Private equity firm Apollo Global Management (Apollo) is teaming up with International Financial Corporation (IFC), the investment arm of the World Bank, to launch a $1 billion debt platform for distressed assets in emerging markets. According to an IFC filing, IFC and Apollo will each inject up to $500 million in the non-performing loans (NPLs) […]
2 min read · 26 April 2016
TÜV SÜD Pension Trust has made its first move into the private debt market. It will invest mostly in senior and mezzanine loans in Europe and the US, but will also deploy a smaller amount in distressed debt and credit opportunities.
2 min read · 26 April 2016
The platform will buy pools of non-performing loans in several emerging markets.
2 min read · 26 April 2016
The company joins a growing number of state owned enterprises that have been defaulting on debt lately, including Baoding Tianwei Group, Sinosteel Corporation and Shanxi Huayu.
2 min read · 25 April 2016
The Musale family has bought back 51% of auto graphics firm Classic Stripes from Navis Capital Partners with debt financing from KKR.
2 min read · 25 April 2016
The US firm has completed its ninth European private debt transaction after closing its European fund targeting mid-market companies on €500m last year.
2 min read · 25 April 2016
The US pension fund has awarded $20m each to Beach Point Capital Management and Voya Investment Management for its opportunistic credit brief, after interviewing five firms.
1 min read · 25 April 2016
