Anastasia Donde
.jpg?id=12885368223 "GSO performance gets on the mend")
After posting weaker returns for two consecutive quarters, GSO’s performance has rebounded driven primarily by the turn-around in energy.
The investment marks the Oklahoma Tobacco Settlement Endowment Trust’s first allocation to a European direct lending manager.
The Los Angeles-headquartered alternative investment firm named Mike Levitt as its new chief executive, replacing Bon Sinnott, who will become co-chairman alongside founder Ric Kayne.
The five-year warehouse facility from Wells Fargo Bank will help the firm finance future originations and grow.
As PDI readers gobble up our fundraising updates, many background conversations with managers seem to suggest that GPs are increasingly trying to tap new sectors or geographies to raise money.
The Connecticut-based credit hedge fund has reached a first close on its Ellington Private Opportunities fund, which targets a variety of real estate loans.
.jpg "Adams Street raising debut private credit fund – exclusive")
The New York-based debt arm of the alternative investment firm is aiming to collect between $500m and $700m for its first lending fund.
The equity research analyst says that, while many alternative asset managers look cheap, others have better growth prospects.
.jpg?id=19327353638 "Audax hits finish line for mezz fund on $1.2bn")
The US mezzanine manager gathered $200m more than its target for its fourth junior debt vehicle.
.jpg?id=19327371866 "OHA sails past $2bn distressed target – exclusive")
The sub-investment grade specialist has collected more than its target for its latest distressed fund and is expected to close on $2.5bn soon.