The $161.5bn retirement system’s distressed debt and mezzanine portfolios failed to clear three and five year performance benchmarks, which contributed to a disappointing returns for the private equity programme.
2 min read · 10 April 2013
Monomoy will use proceeds from the loan to fund a bolt-on acquisition and carry out a dividend recap, as the issuer, LBC Credit, looks to raise $650m for its Credit Partners III vehicle.
1 min read · 09 April 2013
The Tim Conway-led firm will partially finance the fund’s transactions through a $175m credit facility provided by Wells Fargo and NewStar.
2 min read · 09 April 2013
The New York-based debt fund manager has acquired a $27.8 million mortgage using its seventh opportunistic/value-add fund.
1 min read · 09 April 2013
Tapping institutional LP demand for higher yields, AEA has passed the halfway mark for its third mezzanine fund.
1 min read · 09 April 2013
Hong Kong-based asset manager Shoreline Capital has held a final close on $303 million for a second Chinese distressed debt fund.
2 min read · 09 April 2013
The credit-focused firm has completed three investments in recent months, investing from both its $480m distressed fund and its debut SBIC fund.
2 min read · 08 April 2013
Monroe Capital, which launched its healthcare finance affiliate in November, has hired managing director Glenn Flinn to oversee the firm’s new office in Dallas, Texas.
2 min read · 08 April 2013
Lending by western banks to emerging markets-based companies fell by $67bn last year as the banking crisis in Europe reduced appetite for riskier credits.
2 min read · 08 April 2013
Ex-rogue trader Nick Leeson, who caused Barings Bank to collapse after completing £827 million of unauthorised trades, has been appointed as a principal at distressed debt advisory firm GDP.
1 min read · 08 April 2013
