Michael Haley
The acquisition of LBC will allow CIFC to diversify its multi-strategy credit offerings.
Small and medium-sized business borrowers are increasingly looking to online technology specialists in the post-pandemic era. Michael Haley reports
The fundamentals of floating-rate investments, which have driven record CLO issuance, will keep attracting yield-hungry investors, according to Western Asset Management.
A Gapstow report cites opportunistic allocations after the ‘dramatic’ sell-off in March 2020 and predicts interest to continue.
The fund surpassed its original target, and topped the previous record holder, a Goldman Sachs mezzanine fund, which raised $13bn in 2008.
The asset manager reported a record $8.8bn in originations for direct lending in the third quarter.
The group will comprise real estate debt and other asset-backed finance activities.
The firm's new investment commitments increased to $2.79bn, up from $1.57bn last quarter.
Firm reports 135 percent increase in global credit fee-related earnings
The withdrawal of banks from mid-market corporate lending has created an opportunity for the asset class, reports Michael Haley