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Crescent closes second direct lending fund on more than $1.6bn

The fund is already nearly halfway deployed, with $750m of capital invested at the time of the final close.

Apollo BDC execs tout increased first lien loan exposure

The mid-market investment vehicle began its shift away from more arcane investments to traditional corporate term loans.

Sagard closes debut credit fund above $500m target

The fund has made five investments so far, two of which are in Canada.

Certior raises €51m for first close of SME FoF

The new vehicle will look for primary and co-investment opportunities with funds focused on smaller companies.

Structured equity offers path to safer late cycle financing

Debt managers are moving down the capital structure to enhance risk-adjusted returns, while private equity players move up to protect risk.

Oaktree’s board battle with Ranger nears a conclusion

The direct lending fund manager is buried by $700,000 in legal fees and looming scepticism over its ability to wind down .

Debt funds rise further in Germany

After notably increasing their market share in 2017, the early signs indicate that non-bank lenders are making even bigger strides this year.

Fund finance: The rise of the hybrids

Fund finance facilities have traditionally been linked to uncalled LP commitments, but the focus is increasingly now on underlying portfolio investments. Leon Stephenson of Reed Smith explains the trend

Putting the heat back in real estate CLOs

As investor appetite for securitisation grows, commercial real estate CLOs – rarely seen since the Crisis – are in fashion again.

Focus on security as UK lender launches new fundraise

With a focus on asset-rich businesses with visible cash flows, listed investment trust RMDL is seeking around £40m from an offering of C shares.

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