News & Analysis

Idinvest beats target for fourth fund with €715m

The French alternatives manager has been actively investing this year and expects its fourth vehicle to be fully committed by year-end.

Praesidian provides first lien debt for UK education group

The debt package supports the group’s recapitalisation and future growth.

Rothschild Merchant Banking closes unitranche fund on €655m

Rothchild’s second lending fund will target sponsored and non-sponsored opportunities.

CalPERS’ CIO exit is latest in executive departures

Ted Eliopoulos joined CalPERS in 2007 and will step away by the start of 2019.

Golub BDC hits highest NAV per share, urges ‘do no harm’ on new leverage rules

The mid-market lender said it could gain access to additional capital through an equity offering or upping its current leverage profile, but has opted not to in the interest of caution.

Capital Four backs Axcel acquisition of Orion Diagnostica

The Finnish diagnostics company offers significant opportunities for growth in the US market.

Subordinated sources

Subordinated debt is growing in popularity.

CIFC opens London office and hires European fundraiser

The US credit manager is looking to expand its investor base across the European continent.

PAG closes its Asian Loan Fund III at $950m – exclusive

The Hong Kong-based investment firm has garnered capital for its third Asian loan fund from 12 institutions.

WATCH: ‘Senior leverage has been so high’ says S&P

This means there is less for investors in a post-default recovery, according to this analysis of market conditions from two senior S&P professionals.