News & Analysis

 The New York-based debt fund manager has acquired a $27.8 million mortgage using its seventh opportunistic/value-add fund.   

Tapping institutional LP demand for higher yields, AEA has passed the halfway mark for its third mezzanine fund.

Hong Kong-based asset manager Shoreline Capital has held a final close on $303 million for a second Chinese distressed debt fund.

The credit-focused firm has completed three investments in recent months, investing from both its $480m distressed fund and its debut SBIC fund.

Monroe Capital, which launched its healthcare finance affiliate in November, has hired managing director Glenn Flinn to oversee the firm’s new office in Dallas, Texas. 

Lending by western banks to emerging markets-based companies fell by $67bn last year as the banking crisis in Europe reduced appetite for riskier credits.

Ex-rogue trader Nick Leeson, who caused Barings Bank to collapse after completing £827 million of unauthorised trades, has been appointed as a principal at distressed debt advisory firm GDP. 

Head of infrastructure debt Deborah Zurkow says the group might also invest in AllianzGI’s debt funds.

Placement agent Roam Capital claims the firm had been scheduled to hold a $375m final close in September 2012 on its website, yet SEC filings show the firm has raised just $79m to date.

The Florida State Board of Administration’s $6.4bn strategic investments portfolio - which includes commitments to private debt funds - had generated a 15.8% one year return as of 31 January, according to board documents.