Christopher Faille
Firm broadens its LP base as its acquisition by TPG nears.
Third asset-based fund exceeds target, nearly doubles the size of its predecessor.
The CEO says the present moment is the 'golden era of credit', as fund exceeds target .
The vehicle, known as GCRED, sees net proceeds of $650m, and attracts 'tremendous interest'.
New York bankruptcy court approves sale of the SVB Securities business for $81m in cash and subordinated debt to Klarman-backed management group.
Sixth Street Lending received commitments from pension funds in Michigan and Pennsylvania.
Fintech isn’t merely a portfolio allocation for debt funds: it is now more about how they live and breathe.
Tipped as largest such credit fund, it works with 'thoughtful management teams' to craft non-equity financing.
Majority ownership shifts to the senior lenders, led by Arbour Lane, as debt is cut substantially.
The firm says hard-asset ownership allows the maritime fund to cover the downside.