The settlement, which centres on improper fees and conflicts of interest disclosure to limited partners and supervisory failure, includes a $12.5m penalty. It comes less than a year after Blackstone settled with the SEC for similar issues.
4 min read · 23 August 2016
The New York–based lender has supported a buyout of Pacific Handy Cutter by Levine Leichtman Capital Partners with $20.5m facility.
2 min read · 23 August 2016
The US firm is exiting infra debt just as its five-member team, led by Gerry Jennings, was preparing to raise two debt funds targeting a combined $1.5bn.
2 min read · 23 August 2016
The $10bn pension backed a direct lending fund managed by OCP Asia with a $30m commitment.
2 min read · 23 August 2016
Ken Goldsbrough, who leads the debt advisory team, has said it will be “Remainers who will be key to the success of Brexit” as the firm expands its debt service.
2 min read · 23 August 2016
The €10m investment will go into the Southbridge Mezzanine European Fund which invests in both equity and mezzanine debt.
1 min read · 23 August 2016
The New York-headquartered lender’s late stage lending platform provided a $375m term loan backing the buyout of Marketo, a software as a service marketing company.
2 min read · 22 August 2016
The US CLO manager has signed a deal to be acquired by FAB Partners, a Jersey-based investment firm, for $333 million in cash with backing from the Qatar royal family.
2 min read · 22 August 2016
Paul Hastings’ second quarter credit report reflects an increase in the market share held by unitranche financings and a spike in refinancing activity.
2 min read · 22 August 2016
Private debt is looked on increasingly favourably by institutional investors, a study has revealed, as almost half of the participants state they will increase their allocation to the asset class.
1 min read · 22 August 2016
