Robin Blumenthal
The former head of Goldman Sachs's private credit group in the Americas is charged with expanding the tech specialist’s fledgling credit business.
The 'custom mandate' has already invested more than 25 percent of its capital and is investing across various distressed strategies.
The fund is one of the largest ever for riskier subordinated debt.
Some subordinated debt investors could face difficult scenarios as the pandemic wears on.
Politics and red tape are preventing bailout funds from reaching the companies that need them most, reports Robin Blumenthal
The private markets giant says this is the largest such fund ever, and it will seek to deploy capital opportunistically.
The inaugural Senior Loan Fund doubled its initial target of $1.5bn, and will focus on sponsor-backed companies in the US and Canada.
Politics and red tape are keeping bailout funds from reaching the companies that need it most.
Amid the turmoil caused by the pandemic, technology and life science firms are seeing strong growth – and lenders are taking advantage.
Coronavirus was top of the agenda with four private debt experts this summer. Although there are bound to be some casualties, everyone agreed that private debt is well-placed to emerge strongly from this most unpredictable set of events.