Ellis Short, the former principal at Lone Star, has raised $1.5bn in just five months for his new firm’s distressed European real estate debt investment fund and is thought to have another $1bn of capital commitments competing for the remaining $500 million of units.
2 min read · 17 March 2014
The vehicle will provide grant funding in support of loans for projects in Southern Africa, with a Request for Proposal expected in early April.
2 min read · 17 March 2014
Some £76m of senior secured fixed-rate bonds will be issued in support of the North Tyneside ‘Quality Homes for Older People’ PFI project.
1 min read · 17 March 2014
Inflow reflects stronger flows into credit as equity fundraising slides
1 min read · 14 March 2014
The buoyant high yield markets continue to lure yield-hungry investors, as well as sponsors rushing to (re)finance deals. But now, as a result of the boom, covenant quality is at a record low.
3 min read · 14 March 2014
The €275m of high yield bonds issued by LBO France-owned food business Labeyrie were priced with a 5.625 percent coupon.
2 min read · 14 March 2014
ABRY’s senior debt strategy has netted a 19.3% IRR since inception.
2 min read · 13 March 2014
Real estate debt funds can deliver returns on a par with core real estate equity investing with less risk, particularly if they seek out opportunities outside primary locations, according to a Partners Group report, PDI can exclusively reveal.
3 min read · 13 March 2014
Texas-based private equity firm is understood to have raised $479m for its first CLO.
1 min read · 13 March 2014
The retirement system established a 2 percent credit opportunities allocation earlier this year.
2 min read · 13 March 2014
