The $2.5bn California pension fund has invested $50m apiece in direct-lending funds managed by Crestline Investors and White Oak Global Advisors.
2 min read · 11 November 2015
Sister title Real Estate Capital hosted its inaugural forum in New York this week, with Blackstone and Starwood executives championing the rise of private capital in real estate lending.
3 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 high-growth, no-covenant European lender is closing in on its fifth fund, which will be larger than its 2013 €240 million predecessor.
1 min read · 10 November 2015
The business development company’s assets by fair value have grown to $1.146 billion, up 39 percent year-on-year.
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
Analysts rate the proposed BDC spin-out overweight, saying they see the potential restructuring unlocking significant shareholder value.
2 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
Management of the Apollo Investment Corporation has so far bought back $21.2 million of shares through its $50 million stock repurchase programme, at a time when the BDC has been posting losses on the back of struggling oil & gas investments.
2 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
