The direct lender has capped the vehicle at $1.5bn and received a $250m co-investment sidecar from the Kentucky Retirement System.
2 min read · 19 November 2019
The firm’s publicly traded and private BDCs will get new co-presidents as the current one leaves but will remain president of the BDCs’ advisor.
2 min read · 04 November 2019
Benefit Street Partners’ senior portfolio manager Blair Faulstich explains why, in this current market environment, his firm is sticking to the top of the capital structure.
2 min read · 01 November 2019
Investors from Korea are yet to make the Global Investor 30 but it could only be a matter of time judging by the growing appetite for private debt.
4 min read · 01 November 2019
The strategy serves a key role in the economy for capital provision to mid-market enterprises underserved by banks, says Jeffrey Griffiths, principal at Campbell Lutyens.
8 min read · 01 November 2019
A plethora of smaller managers have entered the direct lending space without the resources to focus on workouts and restructuring in times of trouble. Andy Thomson explores how much of a problem this may present
4 min read · 31 October 2019
The Massachusetts pension fund is making an unstated commitment to a diversified property-type fund and a $60m private debt commitment to a European direct lending, niche lending or distressed debt fund.
2 min read · 21 October 2019
As US federal leveraged lending guidance statutes have become a thing of the past, banks are showing a willingness to compete with direct lenders.
3 min read · 07 October 2019
Volatility has made unitranche an appealing option in a market where some syndicated deals are requiring an increase in pricing to get across the finish line.
3 min read · 04 October 2019
