Galligan and Flannery to oversee the new, perpetually private, BDC focusing on tech, sources say.
2 min read · 29 September 2023
The bank and asset manager will focus on direct lending to non-sponsor companies through a business development company.
2 min read · 27 September 2023
As competition for capital intensifies, private debt managers need to have the scale, flexibility and experience to meet investors’ varying needs and navigate a challenging environment, says Jeff Frank, head of capital solutions & strategy at Twin Brook.
7 min read · 01 September 2023
The vehicle, known as GCRED, sees net proceeds of $650m, and attracts ‘tremendous interest’.
2 min read · 10 July 2023
Multi-strategy interval fund under portfolio managers Adam Kramer and Brian Chang will be marketed through financial advisers.
2 min read · 24 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
Non-traded fund will invest in senior secured direct loans as a vehicle for HNW individuals demanding uncorrelated yield.
2 min read · 26 April 2023
Fidelity’s first BDC has begun operations and will direct lend to mid- and upper-mid-market private companies.
2 min read · 13 April 2023
Business development companies have become a popular way to access private market loans for retail investors in the US. But many are adopting niche approaches as they seek to stand out from the crowd
5 min read · 03 April 2023
The US business development company market has found itself exposed to stock market volatility and redemption pressure. But, due to conservative structuring and a promising environment for new deals, there are few signs of panic.
10 min read · 01 March 2023
