Aircraft leasing has become a more crowded area as the sector has garnered more attention from larger asset managers.
The pan-European fund manager has raised an European long-term investment fund through which it will blend liquid and illiquid private credit investments.
Through a new vehicle, the Paris-based manager is offering clients of Italy’s largest private banking network access to private debt, private equity, real estate and special opportunities.
Thoughts may be turning to festive celebrations, but don’t forget to register your votes in our annual awards contest.
Independent sponsors, once known as fundless sponsors, have proliferated in recent years as they shed a reputation for inability to deliver, and have appealed to LPs wanting to commit capital to individual deals.
The UK-based firm has posted a first close of its inaugural pan-European fund and is targeting €2bn of assets under management by the end of 2020.
With the hires of Meg McClellan and Michael Apfel, respectively, the two firms are putting further emphasis on credit products.
The merger would, as of the end of the third quarter, produce a BDC with investments and commitments of $3.25bn.
The transaction is just the latest in a string of mergers that are slowly reshaping private credit.
Pantheon
Rakesh Jain will help lead the firm's expansion in private credit primaries, secondaries, co-investments and special situations.
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