Manager will pay a total of $2.07bn for asset-backed loans, and a portion of its unfunded commitments.
3 min read · 27 June 2023
Cordiant Capital managing director Cédric Garnier-Landurie said ‘even the really good names’ have experienced a squeeze on their revolving credit facilities.
2 min read · 06 June 2023
As traditional banks retreat from asset-based lending, private credit is poised to fill the gap, according to the co-founders of Castlelake.
7 min read · 06 June 2023
Asset-based lending has grown in popularity over the past decade and could receive a further boost as banks retrench, writes SG Credit Partners’ Charlie Perer.
4 min read · 01 June 2023
The mortgage market is healthier than many believe and asset-based finance offers big opportunities, says KKR.
3 min read · 25 May 2023
The firm, which closed its Pantheon Credit Opportunities Fund II in May, sees around 70% of dealflow coming from LPs, according to global head of private credit Rick Jain.
5 min read · 23 May 2023
When the deal closes, Fortress management is expected to own a 30% equity stake in the company while Mubadala Capital will own a 70%.
2 min read · 22 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
A key feature of the Pathfinder strategy is its social impact pledge. Inclusive of Fund II’s first close, the platform will have more than $10.5bn of capital ‘designated with this charitable tie-in’, CEO Michael Arougheti says.
2 min read · 03 May 2023
A key aspect of the debut Pathfinder fund is its social impact pledge, with Ares committing to donate at least 10% of the vehicle’s carried interest profits to global health and education charities. Fund II is expected to take a similar approach.
3 min read · 29 March 2023
