In addition to closing its fourth fund on $200m, private debt manager Wellington Financial has also opened a new office in San Francisco, where partner Vikram Gupta will direct the firm’s Western US strategy.
2 min read · 05 April 2013
Los Angeles-based Levine Leichtman Capital Partners’ previous structured equity vehicle was generating a 26.2% internal rate of return as of 30 September, according to CalPERS.
2 min read · 04 April 2013
German insurance companies and pension funds are increasingly turning to real estate debt, attracted by a loophole in the Solvency II and Basel II/III capital requirements, according to iii-investments.
1 min read · 03 April 2013
AXA Private Equity’s co-head of private debt, Cécile Mayer-Lévi, has left the firm after it announced it would spin off from parent company AXA in the coming months.
1 min read · 03 April 2013
As demand for US CLOs continues to surge, American Capital and The Carlyle Group announce more than $1bn in combined new issuance.
2 min read · 02 April 2013
Gulf Capital is on course to hold a final close of its first credit fund at a hard cap of $300m by the end of the year, having launched fundraising in 2011.
2 min read · 02 April 2013
The US-based firm, which is led by co-founders Mark Okada (pictured) and James Dondero, hopes to raise between $750m and $1bn for The Highland Loan Fund.
2 min read · 28 March 2013
Alternative asset manager AXA Private Equity, an active provider of unitranche financing in recent years in tandem with its buyout activities, has finally agreed to spin out from its insurer parent in a deal valuing the firm at €510 million.
1 min read · 22 March 2013
The €500 billion of new non-core loans issued during 2012 offset the €600 billion of loans sold or run off over the same period, confirming the European deleveraging process is far from over.
2 min read · 22 March 2013
Carlton Group has arranged a £35 million ($53 million: €41 million) loan to help refinance a UK property owned residential developer Dorchester Group.
2 min read · 22 March 2013
