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TCW raising its seventh direct lending vehicle

The fund will operate as a business development company and is targeting $2.5bn.

Ares posts double-digit direct lending returns for 2018

The firm raised almost $32bn for its credit strategies, with leverage facilities included, the bulk of which came from Ares Capital Europe IV.

Q4 volatility ‘another tantrum’ rather than start of a downturn: Golub

The firm’s new investments were still tilted toward unitranche loans, but senior secured loans made up a larger share than in the third-calendar quarter.

AINV posts NII losses as it continues pivot toward core assets

Apollo’s BDC saw a NII loss of 1.9% in the fourth quarter, but was able to decrease its non-core assets to 16.7% of the portfolio.

MCC merger shareholder vote gets delayed until March

The vote was originally scheduled for 8 February but was moved back because of setbacks caused by the US government shutdown.

Bain BDC gets OK to up borrowing capacity

The firm joins the ranks of other business development companies that have successfully sought approval to do so.

Carlyle bets big on credit for future growth

The firm’s recent initiatives include the acquisition of aircraft leasing investment firm Apollo Aviation Group and the launch of an opportunistic credit fund, distinct from its distressed debt vehicles.

NexPoint submits counterproposal for Medley merger

The MCC Special Committee declined it, saying it wouldn’t maximise value for shareholders as much as the current proposal.

Blackstone remains optimistic about credit despite 2018 AUM losses

The firm’s credit branch exited the bulk of its direct lending assets after ending its sub-advisory relationship with FS Investments’ BDCs.

Athene drives Apollo’s ENI loss

Much of the credit manager’s decline in performance revenue was attributed to unrealised mark-to-market in the insurance company.

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