Johnny Madrid
The investment bank has teamed up with HPS Investment Partners to underwrite syndication cheques up to $1bn.
Strategic credit received more than $500m after delivering a one-year return of 11.3%.
With interest rates and inflation on the rise, consultant Cliffwater raises return expectations across most asset classes.
Former GSO managing director Michael Fabiano will take the reins of the new platform.
The firm has received a commitment from the Texas Municipal Retirement System.
The Indiana pension, which has a long history of credit investing, is boosting its exposure to senior debt.
The firm, barely two years old, has raised billions for its BDC.
As chairman, John Brice will work with KLIM’s founders on strategic initiatives.
Mid-market non-sponsored deals continue to entice debt managers to dip their toes, but there is a lack of data and concerns about risk.
Tengram Capital Partners, a private equity firm, is a shareholder in the acquiring firm, Differential Brands Group.