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Clearwater targets $300m for Yield Fund – exclusive

The credit fund manager held a first close last month and aims to close the vehicle within a year.

Lone Star closes on more than $8.2bn for its latest fund

The vehicle is the firm’s largest fundraise yet and will focus on a combination of debt and equity strategies.

How direct lending’s growth is changing returns

Jess Larsen of First Avenue charts the evolution from ‘idiosyncratic alpha’ to cost-efficient beta, and the impact this is having on fees.

TCW raising its seventh direct lending vehicle

The fund will operate as a business development company and is targeting $2.5bn.

Ares posts double-digit direct lending returns for 2018

The firm raised almost $32bn for its credit strategies, with leverage facilities included, the bulk of which came from Ares Capital Europe IV.

HPS targets $5bn first close for latest mezz fund – exclusive

Mezzanine debt funds were the most popular private credit strategy in 2018, collecting more than $50bn, according to PDI data.

Medley receives offer for SBIC programme from Origami Capital

The new $45m bid comes after NexPoint Advisors made an offer for combining MCC into its sister BDC, Sierra Income Corporation.

It’s clear borrowers still hold the balance of power

Investors are not passive, but terms in the leveraged loan market are still weighted strongly against them.

Prestige launches private credit multi-manager strategy

The fund will invest in a variety of credit strategies in the UK and globally targeting a return of up to 7%.

Rising Stars 2019: Last chance for nominations!

An impressive number of nominations have already been gratefully received for our inaugural Private Debt Investor Rising Stars 2019. With the clock ticking towards the deadline of today, Thursday 14 February, at midnight PST, now is the final chance to act! To be eligible, nominees should be under the age of 40 on 1 April 2019. Nominations […]

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