Fund Managers

HarbourVest Partners has agreed a strategic partnership with senior debt specialist CIFC Asset Management that will see HarbourVest broaden its LPs’ exposure to the US debt markets.

The bank’s private debt arm has provided a term loan to fiber optic network infrastructure provider euNetworks.

Carlyle has received more than $150m in commitments for its GMS Finance vehicle, the firm’s first business development company.  

Houston-based private debt firm Capital Royalty has provided a non-dilutive loan facility of up to $28m to Good Start Genetics, a genetic screening company.

CVC Credit Partners, helmed by Marc Boughton (pictured), has hired Brandon Bradkin from Park Square Capital as a partner.

Lawrence Ceriello has joined law firm Morrison Foerster (MoFo) as real estate partner, and will be responsible for representing and advising commercial lenders, investment banks, life insurers, hedge funds on real estate debt transactions.

Law firm Cadwalader, Wickersham & Taft continues to build its restructuring team with two senior promotions and two new hires.

The refinancing of Acromas, which is helmed by Andrew Goodsell (pictured), is expected to launch this month and will see approximately £2.5bn of underwritten bridge loans sold to the bond market as WBS bonds.

Distressed specialist Strategic Value Partners (SVP) is poised to recoup its investment in Klöckner Pentaplast by refinancing existing debt with new-issue PIK notes.

Mumbai-based L&T Infrastructure Finance (L&T) is joining a handful of private equity firms taking advantage of distressed opportunities in India’s infrastructure market.