When the deal closes, Fortress management is expected to own a 30% equity stake in the company while Mubadala Capital will own a 70%.
2 min read · 22 May 2023
Aletheia notes the growth of venture debt in Asia-Pacific. Plus: the Ocorian survey that’s optimistic about fundraising; and why pensions favour private alternatives for their long-term strategies. Here’s today’s brief for our valued subscribers only.
5 min read · 22 May 2023
Louisiana State Employees’ Retirement System announced its new private credit commitment to Gramercy’s latest fund.
1 min read · 22 May 2023
An aggressive landmark ‘uptier exchange’ by mutual funds, despite confusion and talk of perjury, is prevailing.
3 min read · 19 May 2023
Moves will see his former co-head Boulanger leave and Small assume responsibility for direct lending in Europe.
3 min read · 19 May 2023
By rolling or converting their commitments, LPs would be able to continue to participate in the $26bn Tao, a unique investment vehicle in the alternative assets world.
3 min read · 19 May 2023
Maryland State Retirement and Pension System has committed $255m to three private debt funds.
1 min read · 19 May 2023
The market is seeing an acceleration in evolution since other sources of capital have dried up or become more expensive
4 min read · 18 May 2023
The fund will be Lenwood’s first dedicated residential credit vehicle, as it cites investor appetite for the asset class.
2 min read · 18 May 2023
Those present at the PDI Europe Summit heard how Europe is catching up with the US when it comes to distressed opportunities.
3 min read · 18 May 2023
