Fund Management

Twin Brook moves toward first close on $2bn fund – exclusive

The lower mid-market credit manager is back on the road less than a year after it wrapped up its second fund.

Hayfin hires Pantheon exec for secondaries build-out

The private debt firm has hired a Secondaries Investor Young Gun as a principal.

First Avenue promotes partners in Dallas, New York

Brian Price and Chris Tehranian have been named partners at the placement agent, while Hannah Mudge has been promoted to vice president.

BNP Paribas agrees origination tie up with CODE

The partnership will see CODE originate SME loans for BNP Paribas Asset Management and expand into Europe.

Pemberton appoints partner to develop investor relations

The new role will look to develop a broader global investor base to support Pemberton’s ambitious growth strategy.

Ex-CarVal CIO joins opportunistic credit at Kennedy Lewis

As chairman, John Brice will work with KLIM’s founders on strategic initiatives.

Dyal takes minority, non-voting position in direct lender HPS

The investment is Dyal’s third this year, following deals with Vector Capital and Clearlake Capital Group.

Private debt fundraising reverts to the norm

With records having been shattered last year, capital raising in the asset class has fallen to a more typical level in the first half of 2018.

ORIX adds private credit to asset management with purchase of NXT

ORIX USA’s current business overseeing third-party capital currently consists of a hedge fund and private equity firm.

Ares, HPS and GSO back purchase of licensing business

Tengram Capital Partners, a private equity firm, is a shareholder in the acquiring firm, Differential Brands Group.