A DLA Piper study has found that financial institutions expect private debt funds to take a larger role in arranging debt for European acquisitions in 2013.
In addition to closing its fourth fund on $200m, private debt manager Wellington Financial has also opened a new office in San Francisco, where partner Vikram Gupta will direct the firm’s Western US strategy.
Los Angeles-based Levine Leichtman Capital Partners’ previous structured equity vehicle was generating a 26.2% internal rate of return as of 30 September, according to CalPERS.
/March/News/iii80.bmp "iii launches second real estate debt fund")
German insurance companies and pension funds are increasingly turning to real estate debt, attracted by a loophole in the Solvency II and Basel II/III capital requirements, according to iii-investments.
.jpg "GSO provides $150m to US homebuilder")
GSO’s $150m investment in Beazer Homes will allow the company to tap into the improving US housing market.
/March/News/cecile80.bmp "AXA private debt co-head departs")
AXA Private Equity’s co-head of private debt, Cécile Mayer-Lévi, has left the firm after it announced it would spin off from parent company AXA in the coming months.
As demand for US CLOs continues to surge, American Capital and The Carlyle Group announce more than $1bn in combined new issuance.
.jpg "Gulf Capital raises$215m for debut credit fund")
Gulf Capital is on course to hold a final close of its first credit fund at a hard cap of $300m by the end of the year, having launched fundraising in 2011.
.jpg "M&G partners with EIB to finance children’s hospital")
M&G has partnered with the European Investment Bank to provide debt finance to a new children’s hospital project in the UK.
/March/News/highland80x80.bmp "Highland targets $1bn for syndicated debt fund")
The US-based firm, which is led by co-founders Mark Okada (pictured) and James Dondero, hopes to raise between $750m and $1bn for The Highland Loan Fund.