Home Authors Posts by Robin Blumenthal
Following the turmoil surrounding the collapse last week of the 800-pound tech lending gorilla, Silicon Valley Bank, we examine some of the collateral damage.
The annex fund, which was raised in less than seven months, is an extension of a vehicle that was closed in April 2022.
The US business development company market has found itself exposed to stock market volatility and redemption pressure. But, due to conservative structuring and a promising environment for new deals, there are few signs of panic.
Including target leverage and SMAs, the credit solutions fund is Crescent's largest yet.
Second close of third such fund beats its target and nears its hard-cap.
The private credit vehicle will focus on synthetic securitisations.
Some of the capital for the non-sponsored senior loan fund is coming from a strategic partner.
The fund has raised $1.8bn to provide liquidity and capital solutions, with a focus on asset-based credits and specialty finance.
There are concerns over macroeconomic stresses and leverage, but net asset value finance has proved resilient – and many expect that to continue.
The AUM of targets rose to $326bn, with private-lending centric firms accounting for nearly half the total.