The Connecticut investment firm’s target for its Gramercy Distressed Opportunities Fund III is over three times larger than the $305 million raised by the predecessor vehicle.
2 min read · 16 September 2015
The buying spree continues with Wells Fargo still said to be in the running for GE Capital’s $40 billion US commercial lending and leasing business.
2 min read · 09 September 2015
The Swiss-headquartered firm reported an increase in private debt EBITDA even as overall EBITDA fell on the back of the strengthening Swiss franc.
2 min read · 08 September 2015
PDI is asking investors some key questions, mainly for the benefit of debt managers. But managers should also be doing more to explain themselves to investors.
3 min read · 04 September 2015
The US-based asset manager is raising its second credit vehicle in India and is reportedly targeting wealthy individuals and family offices based in the sub-continent.
1 min read · 03 September 2015
The final bidding round for GE Capital’s Australian mid-market lending units reportedly includes three prospective buyers.
2 min read · 02 September 2015
For the first time since the PDI 30 was first compiled three years ago, three firms have each reached running totals of more than $30 billion in the industry’s definitive ranking of the largest private debt managers. In aggregate, the top 30 managers have raised $380 billion over the last five years.
2 min read · 01 September 2015
Flip Huffard was previously one of the heads of Blackstone’s restructuring and reorganization group.
2 min read · 31 August 2015
Carnage in the global stock markets has some knock-on benefits for more sheltered private debt markets. Or, as the saying goes, one man’s loss is another man’s gain.
2 min read · 28 August 2015
The wave of hirings and firings brought on by industry consolidation is growing, and now bankers are beginning to feel the ripple effect
3 min read · 21 August 2015
