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If the cap fits, wear it: The addback fightback

The EBITDA addback has become one of the most controversial aspects of deal documentation. Research shows lenders are resisting the most extreme examples.
Sydney skyline

Foresight Group launches first Australian infra debt fund

The UK-based fund manager will launch the Foresight Renewable Energy Income Fund this month, a debt fund targeting A$150m-A$200m that will invest in smaller-scale renewables projects.

Lendable seeks £350m for consumer lending fund

The consumer lending platform is launching its first closed-ended fund as part of its plans to grow its asset management business.

Oak Hill nearly halfway to $1bn target in latest private credit fund

The fund will invest in non-syndicated debt and illiquid large-cap deals.

IFM Investors closes two infra debt funds in South Korea on $420m

The two vehicles, co-managed by Hanwha Asset Management and Hyundai Investments, have received commitments from eight South Korean insurance firms.
Troy Rieck, CIO, LGIAsuper

LGIAsuper hires new CIO from Equip Super

The A$13bn Australian superannuation fund has tapped Troy Rieck, who was previously chief investment officer at the A$15bn Melbourne-based superfund Equip Super, to take over as CIO.
Boston Skyline with Financial District and Boston Harbor at Dusk

Distressed debt’s appeal surges amid market uncertainty

Bain Capital is the latest manager to target non-performing real estate loans, a strategy that has been attractive to institutional investors.

Catalyst targets up to $250m for Fund II – exclusive

The Indian firm is planning to launch a bigger fund with a broader investment scope.

Blackstone’s GSO grows new direct lending platform with $2.6bn BDC raise

The firm may oversee more than $10bn of assets for the strategy a little more than a year after it formally parted ways with FS Investments.

Why avoiding risk is a risky business

Investors seeking refuge from the wild swings of the stock market may find that diversification brings unexpected challenges.
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