Fund Managers

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. 

Boutique microfinance provider Enterprise Ventures has appointed former Bank of Scotland executive Steward McCombe as head of its new £15m mezzanine fund.

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.

The Florida-headquartered private debt firm, led by Todd Billings, is nearing a final close for its fourth 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.

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.

The Royal Bank of Canada subsidiary will focus on mid-market opportunities in the UK and Northern Europe with its latest vehicle, which closed well over its €500m target.