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Private credit has had less new firm formation than on the buyout side, with new firms focusing on the lower- to mid-market.
The credit firm now has $15.4bn of investable capital following the raising of its fifth fund and parallel vehicles.
One of Europe’s best-known real estate managers is launching a debt strategy. Dan Pottorff, who has been hired to run it, and company chief executive Ian Laming tell us why.
The UK investor has cornerstoned the debut fund for a team of former Gulf Capital credit fund execs.
The fund is expected to close at $1.5bn before the end of year.
Carl Marks Advisors, the financial advisory group, believes companies will have to soon make changes to their loans.
The private debt manager has hired Jon Patty, former head of private equity at New Island Capital, to lead the firm’s ESG and impact investing business.
The firm, which was formed earlier this year, has been investing prolifically into the direct lending market.
The vehicle, focusing on senior secured direct lending, surpasses its $1bn target.
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