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Sam Sutton

Aggressive borrowers

European borrowers are taking an aggressive stance against investment funds targeting bank debt on the secondary market, Schulte Roth & Zabel’s David Karp tells Sam Sutton.

Capital talk: Timing the market

As a distressed firm, Chicago-based Victory Park Capital timed its launch in 2007 to perfection. But with the economy improving and the number of distressed opportunities falling, how will the firm map its future? Sam Sutton sat down with VPC to find out.

Money and conflict

Investment professionals that manage a hedge fund of funds on behalf of North Carolina have made several significant contributions to State Treasurer Janet Cowell’s re-election campaign. Does this create a conflict of interest?

Friday letter: A rough sub

Low rates have created a difficult environment for providers of mezzanine debt.

KKR retires $3.5bn of First Data debt

A new round of investment in KKR’s payment processor portfolio company will improve the health of First Data’s capital structure. 

Pembrook backs Atlanta properties

The $22m bridge loan will finance renovations of two properties held by Audubon Communities and Five Mile Capital. 

Report: Subordinated falls out of favor

Easy access to cheap, senior debt has led to a significant decline in the use of subordinated financing for private equity deals, according to Pitchbook. 

Pennsylvania Schools back Varde fund

The firm’s Scratch and Dent fund will invest in bank and CMBS-held real estate loa

Leeds Novamark closes debut fund above target

Leeds Equity launched the Washington, DC-based lower mid-market debt group in 2011.

Monroe backs Pharos buyout

Monroe provided $15.5 million in support of the acquisition of Employee Benefit Solutions. 
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