Senior Debt

BNP Paribas closes third European CLO on €411.25m

The firm’s latest CLO exceeded its initial target and focuses on senior-secured loans in Europe.

Three deals put Idinvest on course to full deployment by year end

Three investments of both unitranche and mezzanine bring the fund closer to full investment.

DOWNLOAD: Lehman and the decade of private debt

In the 10 years since Lehman Brothers collapsed, private debt has boomed. This interactive presentation looks at the key developments of that decade.

The GFC: A dramatic reshape of the lending landscape

Life would never be the same, and lenders were among those trying to make sense of it all. Andrew Hedlund reflects on several key ways in which the private debt asset class was moulded by a crisis.

Invesco sees pressure on returns in Australian debt

Its real estate team says the yield spread has come down to the lower end of ‘a reasonable range’.

Zencap holds close on third corporate debt fund

The vehicle has raised €180m and is aiming to hit its €500m hard cap before the end of the year.

Brunswick closes second Swedish senior debt fund on €640m

The Swedish asset manager is targeting a 2% net return as it provides longer-term credit across commercial real estate markets in its home country.

Ardian underwrites unitranche deal for Naxicap acquisition

The support for Naxicap’s transaction includes an acquisition facility to support further expansion.

Shard Credit provides $13m to back UK accountancy business acquisitions

An accordion feature will provide SKS Business Services with funds to complete its acquisition pipeline.

Building deeper foundations

In the years after the financial crisis, real estate debt funds stepped in to plug gaps left by the banks. But as banks have continued to retreat, private funds have extended their reach. John Bakie reports