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Owl Rock closes above IPO pricing on initial day of NYSE trading – updated
The business development company will charge a 1.5% management fee and a 17.5% incentive fee over a 6% hurdle rate post-offering.
Who raised the largest funds in H1 2019?
The period was dominated by distressed funds, with Lone Star demonstrating its pulling power with two of the biggest vehicles.
Dyal’s new credit vehicle: a look under the hood
A look at the debt fund's loan terms, expected performance and opportunity set.
Carlyle uses co-investment to bolster $3.1bn credit opps fund firepower
The firm has already deployed $1.3bn in total deal value, almost 35% of which came from co-investments.
MidOcean’s new CIO: No ‘material near-term’ credit cycle concerns
The credit manager brought on an Apollo Global Management veteran to oversee its four credit strategies.
Goodbye LIBOR, hello uncertainty
LIBOR has underpinned financial products for decades. But it could be phased out in less than three years, with huge implications for private debt lenders.
Why commodity trade finance needs private lenders
Structural changes in the trade finance industry present opportunities for lenders, argues Mikael Bonalumi of Audentia Capital Management.
The need to nurture permanent capital in Europe
Reasons for longer-term vehicles in private debt are growing, with one being the requirement to support businesses traditionally backed by banks.
Funding Circle launches European SME fund as revenue forecasts slashed
Peer-to-peer lender funding circle has announced a second closed-ended direct lending fund, this time focused on Germany and the Netherlands, as it slashes its revenue growth forecasts.
LGT closes second debt fund at €1.35bn
LGT beat its €800m target and more than doubled the number of investors from its previous fund.