Alternative sources of debt needed to finance over $10trn of Asian infrastructure, delegates heard at a recent World Bank forum.
/May/News/Nick%20Cavalla80.jpg "Five minutes with Nick Cavalla")
An increasing number of LPs are boosting allocations to debt. Nick Cavalla, chief investment officer for The University of Cambridge Endowment Fund, explains why his fund is one of them.
The firm plans to market its debut CLO in early 2014, says Eckert, who led GSC Group until it collapsed in 2010.
/May/News/1282b0f.jpg "Enterprise hires mezz head")
Boutique microfinance provider Enterprise Ventures has appointed former Bank of Scotland executive Steward McCombe as head of its new £15m mezzanine fund.
.jpg "EU delays Solvency II rules for pensions")
The European Commission will postpone applying Solvency II’s strict capital requirements on pension funds.
The real estate debt arm of Intermediate Capital Group (ICG) is poised to close its third real estate debt fund at its £700m hard cap.
/May/News/USDEBTVENTURES80.png "US Debt Ventures progresses towards $150m goal")
The Florida-headquartered private debt firm, led by Todd Billings, is nearing a final close for its fourth fund.
.jpg "LaSalle, APG close £238m London resi fund")
In a first venture of its kind, LaSalle Investment Management and Dutch pension fund asset manager APG are targeting whole loan development finance for the London residential and UK student housing sectors.
/May/News/PSBeechbrook80.jpg "Beechbrook holds first close for second mezz fund")
The European Investment fund and the UK’s Business Finance Partnership made cornerstone commitments totalling €40m to Beechbrook’s fund.
A widening range of provisions for bad loans coupled with a low level of realisations hurt ICG’s full-year profit performance, but it was a record year for fundraising and AUM growth.