Sergio Padilla
The Abu Dhabi sovereign wealth fund will expand its reach into fund finance and open itself to external shareholders.
Report by Davidson Kempner finds that although PIK and liability management exercises abound, the need for deleveraging may make itself apparent.
COAERS is expected to approve a 10% allocation to private debt as part of an overhaul to focus on that asset class and real assets.
The Singaporean sovereign wealth fund’s platform will be separate from Seviora Group.
The European distressed and special situations credit fund was smaller than its predecessor.
The acquisition will create a $240bn private debt platform, the fifth largest of its kind.
Survey of investors and managers points to interest in the asset class continuing to rise.
Recapitalisations and refinancings surpass M&A, but investment banks expect a turnaround.
Manager will refinance $2.8bn of EQT’s debt and get an equity interest in the natural gas firm valued at $8.8bn
The latest fundraise beats its target and brings the second vintage of the strategy to $9bn.