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.
The $9.2bn retirement association may add a 10% allocation to private debt strategies as early as August, according to meeting materials.
.jpg "E&Y: Europe’s €1trn NPL market attracts attention")
Institutional investors could be poised to make greater inroads into Europe’s non-performing commercial real estate loans market, according to a report published today by professional services giant Ernst & Young.
.jpg "Frogmore announces stellar returns for second fund")
By providing real estate debt financing alongside its more typical equity investments, the London-based private equity real estate firm has generated impressive returns for its second opportunity fund.
.jpg "FMO and CDC invest in Indian debt provider")
As the debt market in India becomes increasingly popular with GPs, the development finance institutions have backed Au Financiers directly in a $60m funding round.