Andrew Hedlund
.jpg "Owl Rock reveals $222m in new investments")
The New York-based BDC of Owl Rock Capital Partners has made loans to companies operating in the manufacturing, food and beverage, healthcare equipment and aerospace/defence industries.
The two BDCs at Fifth Street Asset Management continue to post deteriorating financials as the parent company battles reputational issues.
The Los Angeles-headquartered alternative investment firm raised $400m towards a US direct lending fund in Q2. The firm is said to be aiming for $2.5bn.
The key executive, who helps oversee Cerberus Business Finance, will be starting his own mid-market lending firm.
The Garrison Investment Group co-founder re-joined Fortress, where he was also once a co-founder, this week.
The move by Apollo’s BDC comes amid continued exits from energy investments that have weighed it down.
The US investment firm plans to raise $750m to $1bn for the vehicle and is already approaching a first close.
.jpg?id=12885346776 "Brexit could be a boon for US private debt")
The reality of Britain’s departure from the European Union could bring more capital into the US private debt market, as managers and LPs search for investments with higher yields and less risk.
.jpg?id=12885368223 "TICC ups investments in CLO equity")
TICC’s total investment income included $8 million from CLO equity, $8.7 million in debt and $300,000 from other sources.
Knopping, who will work under Blair Faulstich, will help originate and structure loan deals for the New York-based firm.