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 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 Stockholm-based financial advisory and asset management firm has also purchased a real estate mezzanine finance business in Luxembourg.
2 min read · 22 December 2015
The Atlanta-based real estate manager is gathering $700m for its 11th fund and expects to hold a first close soon.
1 min read · 21 December 2015
The Philadelphia mid-market lender is back out marketing its fourth fund after closing LBC Credit Partners III at $839m in May last year.
1 min read · 21 December 2015
Spanish special situations manager Black Toro Capital has made a first closing of €136 million on its second fund aided by a commitment from the University of Michigan endowment.
1 min read · 18 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
