Unitranche products have become a preferred form of loan financing, according to Cowen and Company’s Len Sheer.
Blackstone’s Tactical Opportunities platform invests across the firm’s credit, real estate, private equity and hedge platforms.
.jpg "Muzinich holds first close of €156m")
The corporate credit specialist has raised €156 million for an Italy-focused debt fund and expects a further close this year, potentially on double that amount.
.jpg "UK Bond Network boosts team")
The UK peer-to-peer lender has hired Simon Eagles from Monument Securities to be head of lending.
The French cable company set a record for the biggest high yield bond issue, which together with a loan package and another bond issued by parent company Altice, raised around €15.8bn.
Numericable’s jumbo high yield bond issue this week set a new benchmark as the biggest to date, and in so doing, provided a welcome insulin spike to the moribund European M&A market.
.jpg "Crescent nears first close on European fund")
The Los Angeles-headquartered credit specialist is set to hold a first close on €250m for its first dedicated European fund imminently, as it eyes a €500m target.
The firm also plans to bring new mezzanine and special situations funds to market in the near future, says Scott Nuttall.
Rabobank subsidiary has spent €68.7 million on its first three buys for student housing debt fund.
.jpg "Beechbrook eyes final close of more than €100m")
Beechbrook Mezzanine II has deployed almost two-thirds of the €67 million it had raised by its first close, as it prepares to wrap up the fundraising in June.