The University of Michigan will hold this investment within its $1.27bn absolute return portfolio.
The real estate manager’s First Mortgage II fund had been expected to hold a first close in 2011, according to meeting materials.
British hotel chain Jurys Inn has completed a debt refinancing that will see existing shareholders pump £120m in new equity.
GSO's €403.7 Grand Harbour I is said to be the largest European CLO since the crisis.
It’s tempting to view debt finance as simply numbers on a balance sheet. But for borrowers, living and working with debt is a daily issue. That’s why putting together an appropriate capital structure is so important.
(1).jpg "Stenham fund of credit hedge funds returns 3.4%")
The US manager’s fund of credit-focused hedge funds, launched in January, is short of its return goal of 8 – 12% after its first full quarter.
.jpg "PEI Tokyo Forum: Private debt will help bridge the gap")
A mismatch in supply and demand has created big opportunities for credit and distressed lending in Asia, delegates heard at the PEI Global Alternatives Investment Forum in Tokyo this week.
GSO Capital Solutions II has already $3.3bn in commitments, says Blackstone president Tony James, as the firm also markets an ETF designed to appeal to retail investors.
Debt fund manager CVC Credit Partners, managed by Marc Boughton, continues to build its team with two senior hires: ex-UBS credit originator Stuart Levitt and former operations head at Chalkhill Partners Julia Agafonova.
.jpg "Caspian launches India debt fund")
The firm plans to raise $40m to offer debt capital to businesses in low income communities. The firm already has commitments from a number of local and foreign LPs.