A new breed of fund is combining the roles played by private equity and traditional lenders in mid-market transactions. Metric Capital Partners founder John Sinik reveals the added value such funds can bring to the table.
Europe’s banks don’t sell, according to the five experts we brought together for a frank exchange in New York recently. So if you’re serious about deploying private debt capital, the US is where the action is. But even there getting things done is hard – the increasingly emboldened banks compete hard for deals, and pricing risk is what everyone is in danger of getting wrong.
Enova Energy and SAIC found themselves in a jam when a French commercial bank backed out of a proposed Plainfield, Connecticut biomass facility in 2011. The firms tapped The Carlyle Group’s energy mezzanine team to help them finish the project on time.
The group formerly known as AXA Private Equity has a new name – but what else has changed now it has won its independence? Oliver Smiddy sat down with Olivier Berment, the firm’s head of private debt, to discuss the post-spinout blueprint.