Andrew Hedlund
The partnership will lend to companies with less than $100m in EBITDA.
The new arrangement is all but complete, with the shareholders of all requisite BDCs signing off on the marriage. An upside in their stock price, however, has been outweighed by other factors.
Silver Point Capital is seeking $750 million for distressed investments in the North American mid-market businesses, a goal for which the firm has already passed the two-thirds mark. The Greenwich, Connecticut-based firm is in market with its Silver Point Distressed Opportunity Institutional Partners, which has a $1.5 billion hard-cap, according to an investor presentation to […]
The investment platform includes three strategy-specific funds and a flagship vehicle that would deploy capital across all strategies.
Balbec Capital is raising its third fund after its predecessor pulled in more than $600m.
The New York-based credit manager promoted the former head of its energy debt platform, Dwight Scott, to president in June as part of the firm’s succession plan.
Bain has agreed to commit up to $425m to the vehicle, which can underwrite loans of up to $350m.
Since commodity markets tanked in 2014, some oil and gas exploration and production companies are faring better, but some still have debt-burdened balance sheets.
The oversubscribed fund, which smashed through its initial $750m cap, is targeting a 10 percent net internal rate of return.
The London-based firm is looking to deploy the capital into companies with €100m-€1.5bn of enterprise value.