Wellington Financial is seeking $300m for its fifth venture debt fund, with the ability to recycle equity bringing the potential investment to $900m.
2 min read · 13 October 2015
Years of poor performance and dwindling assets within Fortress’s macro business have prompted the firm to exit the strategy, with Michael Novogratz set to leave. Fortress’ credit business, on the other hand, is a growing and successful strategy for the firm.
3 min read · 13 October 2015
The GSO-sub-advised BDCs placed a $150 million senior secured loan with T.H. Lee-backed Healthcare Staffing Services.
3 min read · 13 October 2015
The firm’s US Private Capital Group has named Michael Zugay to a new post of head of investments in New York.
2 min read · 12 October 2015
The California pension shortlists Crestline Investors, Silver Creek Capital Management and White Oak Global Advisors for a direct lending mandate.
2 min read · 12 October 2015
Carlyle and Pictet Group launched the secured specialty fine art lender with $280m in equity capital.
2 min read · 12 October 2015
Firm is alleged to have inflated value of assets at its largest BDC and delayed write-downs ahead of taking the management company public.
3 min read · 12 October 2015
Charterhouse and Pramerica veteran Andrew Moffat has joined the UK-based marketplace lender to lead its property finance business.
1 min read · 12 October 2015
Chenavari Investment Management will continue to be led by Loïc Féry and Frederic Couderc after Dyal’s investment.
2 min read · 09 October 2015
Fund managers are continuing to raise capital ahead of an expected downturn in the US
1 min read · 09 October 2015
