Adamas to target $500m for new private debt fund – exclusive

The asset manager’s fourth fund will continue the firm’s strategy of lending to mid-market companies across the Asia-Pacific region.
finance predication

Looking into the leveraged loans defaults crystal ball

Portfolio managers continue to draw out predictions about default rates, according to a recent report by S&P Global Intelligence.
Elizabeth Warren

A ‘Warren-ing’ for the private credit industry

If private credit and private equity firms underestimate the threat posed by Elizabeth Warren and other liberal US presidential candidates, the future of alternative assets could look very different.

Getting full credit from debt fund GP-led secondaries

Houlihan Lokey’s Jeff Hammer and Paul Sanabria discuss the benefits of undertaking GP-led secondaries in private debt.

Atalaya continues growth with partner hire

The firm brought on Matthew Rothfleisch following the launch of a fund series and the purchase of a CLO manager.
jars of money

New Mountain Capital seeks $750m private BDC – exclusive

The investment manager’s latest product continues the firm’s strategy of lending to US mid-market companies.

Alcentra closes European direct lending fund on €5.5bn

The fund is the latest mega-vehicle to close this year and will focus on sponsored opportunities in the European mid-market.

Owl Rock closes above IPO pricing on initial day of NYSE trading – updated

The business development company will charge a 1.5% management fee and a 17.5% incentive fee over a 6% hurdle rate post-offering.

Bank pullback is fueling emerging markets direct lending

The strategy has experienced a spike in fundraising, and market players don’t think that will slow down anytime soon.

Former Hercules CEO to receive $11.5m severance package

Manuel Henriquez, also the venture debt lender’s former chairman and founder, stepped down after prosecutors charged him with taking part in a college admission bribery operation, to which he pleaded not guilty.

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