News & Analysis

Cambridge & Counties Bank (CCB), jointly owned by Cambridge University Endowment Fund and Cambridgeshire Local Government Pension Fund, is profiting from a surge in refinancing activity by UK-based SMEs. 

The Orange County Employees’ Retirement System has published a policy document outlining its plans to push back against fees. The policy gives preference to strong performing managers that offer ‘the most advantageous fee structures’.

Ken Whitney, who joined Blackstone in 1988, has long led the firm’s investor relations function, but also played a key role in helping launch business lines like corporate debt and real estate.   

Panelists at the Milken Institute Global Conference in Los Angeles discussed the current state of the credit market, and opportunities for non-traditional lenders and private debt funds. 

The fibre optic network service provider will use proceeds from a new facility to pay off debt relating to its 2011 spin-off from NTELOS.

Credit market euphoria is creating the next wave of distressed investment opportunities, according to Wilbur Ross and Apollo's Joshua Harris, who spoke at the Milken Institute's Global Conference this week.

Apollo's been taking advantage of buoyant markets on the sell-side, while targeting non-traditional deals including buying some $12bn in European loans over the past 36 months, according to founder Leon Black (pictured).

The New York-based firm has raised $154 million to provide balance sheet financing for transitional properties throughout the US.

US real estate firm Transwestern continues to build its capital markets team with two senior hires: ex Grubb & Ellis head of debt and structured finance Matthew Schnurr and former head of capital markets at Advance Reality Group Gary Sopko.

Royal Park Investments, a vehicle formed to manage the toxic assets of Fortis after the Belgian bank collapsed in November 2008 has been sold to US private equity firm Loan Star Fund and Credit Suisse.