Direct lending

Sabrina Meng will start in a new role at the British GP next month, Private Debt Investor has learned.

Patria’s first Latin American vintage raised $314m, which the company says delivered a nearly 16% IRR.

The manager will use the fund to target first-lien loans to lower mid-market sponsor- and non-sponsor owned borrowers.

The growth partnership is meant to grow Ferghana Investment Partners’ hybrid capital platform.

Economic growth may not be as rapid as the US, but spreads and credit docs may compensate.

Great American Holdings has acquired a risk solutions business and begun managing third-party assets focused on asset-based lending.

PEI Group’s quarterly fund performance reports analyse the state of private markets through the lens of our proprietary data to bring you market insights enriched by our reporting and editorial expertise.

As the firm reports record AUM, executives on the earnings call say only 8% of AUM is in software lending, with strong loan-to-value ratios.