The Los Angeles-based credit manager has bolstered its CLO franchise through the purchase of a managing interest in Crestline Denali Capital.
1 min read · 03 February 2020
Fewer covenants can provide greater flexibility in dealing with portfolio company difficulties, but they may also prevent lenders from negotiating rescue plans with borrowers and sponsors. Andy Thomson and Andrew Hedlund investigate
10 min read · 03 February 2020
The credit business grew more slowly than other parts of Blackstone but performing credit returns remained robust.
2 min read · 30 January 2020
The firm’s quarterly trading statement said it expects initial commitments to its next debt fund to close soon.
2 min read · 30 January 2020
The alternative lender also invests in non-sponsored companies from a separate fund that closed on a similar amount two years ago.
2 min read · 28 January 2020
SSG is the latest addition to the special situations managers that larger Western firms want to acquire to leverage on established local businesses in Asia.
3 min read · 23 January 2020
The firm is also on track to open offices in Paris and Sydney before the end of March, according to its latest earnings announcement on Thursday.
2 min read · 23 January 2020
The firm has garnered more than $100m to date for its second direct lending fund.
2 min read · 20 January 2020
A good investor is like a good gambler, the financial luminary argues. They focus on process rather than product.
3 min read · 14 January 2020
