The business development company’s assets by fair value have grown to $1.146 billion, up 39 percent year-on-year.
2 min read · 10 November 2015
The deal, which would have doubled the alternative manager’s debt and equity real estate assets to $27 billion while boosting the firm’s permanent capital to $95 billion, has fallen through. Neither Apollo nor AR Capital gave an explanation.
3 min read · 09 November 2015
Analysts rate the proposed BDC spin-out overweight, saying they see the potential restructuring unlocking significant shareholder value.
2 min read · 09 November 2015
The BDC continued to post falling revenues and assets in its Q3 earnings report and management declined to discuss the planned sale and rival bids for the firm.
2 min read · 09 November 2015
The Bain Capital affiliate picked up the portfolios at a discount, according to local media reports. The sale marks GE Capital’s exit from Australia and New Zealand.
1 min read · 09 November 2015
Management of the Apollo Investment Corporation has so far bought back $21.2 million of shares through its $50 million stock repurchase programme, at a time when the BDC has been posting losses on the back of struggling oil & gas investments.
2 min read · 09 November 2015
Twin Brook Capital Partners, Angelo Gordon’s direct lending subsidiary, has collected $400 million towards its $500 million target and fundraising should be concluded in January.
2 min read · 06 November 2015
Summit Opportunities Fund II will target a 15 percent allocation to CLO equity as the firm develops its securitisation platform and ramps up its first European CLO.
2 min read · 06 November 2015
It’s results season and the third quarter was hard on many listed US alternatives managers. However, there’s a private credit silver lining.
3 min read · 06 November 2015
The private debt manager, which recently underwent a restructuring at ownership level, is back in the market with two successor funds – a new direct lending vehicle and its second special situations fund.
2 min read · 06 November 2015
