John Bakie
A lack of financing in Europe will present opportunities, GBFC’s CEO says.
The vehicle has raised €180m and is aiming to hit its €500m hard cap before the end of the year.
As investor allocations increasingly come from fixed income pools, YIELCO thinks providing yield will become a bigger focus for funds.
The second lien facility complements a £1.2bn senior debt package.
Distressed fundraising in H1 2018 is already at 2017’s total.
The hire will help Kartesia develop new CLO products for its investors.
The special situations offering will be followed up with a new fund of funds at the end of this year.
The debt administrator’s European experience will assist the platform’s rollout across the continent.
Liquidity and diversification are among the key issues investors in private debt are grappling with.
The Luxembourg-based vehicle hopes to surpass the efforts of pan-European funds with a strong focus on German assets.