Owl Rock Capital Partners, private equity, lending, business development, technology, Silicon Valley, venture capital, Menlo Park
The direct lending firm is expected to also launch its next general business development company in 2020.
The region’s fund managers are gaining ground and have reached a new high point in this year’s PDI 50.
Real assets are a large but often hidden part of the private debt world.
The sector has been at the heart of private debt’s emergence as an asset class to be reckoned with. Investors remain committed, but there may be risks.
There is change throughout the ranking, including at the top, as private debt's biggest fundraisers rake in unprecedented amounts of capital.
fundraising
Private debt growth slowed due to distributions to investors but the firm is on target to reach its long-term fundraising targets.
At the first close for its latest European mid-market strategy, the fund manager has already gone past the €1.1bn it raised for its debut European vehicle.
Controversial aspects of deal structures such as EBITDA addbacks and restricted payment baskets will come under scrutiny as and when conditions get tougher, says Ares' Michael Arougheti.
The deal signals the real estate fund management giant’s entry into Europe’s property credit market.
From how distressed should be a ‘grind-it-out’ strategy, to making sure GPs are ‘cycle-proofing’ their documents, this is what participants were talking about.
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