The Virginia BDC is providing $8.75m in equity and debt financing to Southern Petroleum Labs in its acquisition by a consortium of private equity firms.
The New York-based real estate equity and debt firm has raised $145 million for the first close of its third real estate debt fund.
.jpg "Nascent private debt market positive for asset managers")
Fund managers with expertise in private debt can generate performance fees ranging from 10 to 20 percent, Moody's reports.
The New York-based firm's credit hedge funds now have $5.4 billion in assets and the credit private equity funds are at $9.7 billion, while total firm AUM has grown to a peak of $63.8 billion.
The Central Bank of Ireland is set to lift a ban on private debt fund lending and has, as a by-product, designed Europe’s first regulatory framework specifically for the asset class.
.jpg "Oaktree's head of mezzanine departs")
Bill Sacher, who has led Oaktree's mezzanine unit for 13 years, has left the firm following a disagreement about strategy.
The portfolio of global corporate loans marks the Boston-based credit firm's biggest portfolio acquisition, and its first from a US bank.
.jpg "IFM’s American infrastructure head snags a former RBS colleague")
Jessica Egan Thompson will be re-joining Rich Randall on the infrastructure debt team of Aussie manager IFM. Both previously worked together at the Royal Bank of Scotland.
.jpg "Hutton Collins seeks liquidity for Fund III")
The firm is exploring opportunities on the secondaries market to help some of its investors who wish to cash out of the asset class.
.jpg "KKR pours $680m into refinancing Preferred Sands")
The alternative investment firm's special situations unit is helping one of the largest manufacturers of 'frac' sand recapitalise its entire structure.