Speciality finance

Inside the rise of speciality finance

Asset-based strategies are proving a welcome diversification away from corporate credit risk.

Angelo Gordon asset-based fund closes on $1bn

Firm broadens its LP base as its acquisition by TPG nears.

Medalist Partners closes fund on $600m

Third asset-based fund exceeds target, nearly doubles the size of its predecessor.

Sixth Street BDC holds first close near $4.5bn target

Sixth Street Lending received commitments from pension funds in Michigan and Pennsylvania.

Ares buys $3.5bn loan portfolio from PacWest

Manager will pay a total of $2.07bn for asset-backed loans, and a portion of its unfunded commitments.

Predicting the next decade: The strategies that will dominate

Direct lending, speciality finance and venture debt are among the opportunities set to appeal to investors

SLR Capital Partners: Success through the cycles

Managers that demonstrated discipline during periods of easy money are likely to thrive in the more challenging times ahead, say SLR Capital Partners’ Michael Gross and Bruce Spohler.

Castlelake on the experience factor in asset-based lending

As traditional banks retreat from asset-based lending, private credit is poised to fill the gap, according to the co-founders of Castlelake.

Fortress and Mubadala to acquire SoftBank’s majority stake in Fortress

When the deal closes, Fortress management is expected to own a 30% equity stake in the company while Mubadala Capital will own a 70%.

Polestar adds four investors to impact debt fund

The new investors in Polestar’s vehicle, which focuses on backing innovative circular economy projects, have provided €87m.