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Summit collects $600m for third credit fund – exclusive

The predecessor fund invested in both senior and junior debt with a focus on North America.

Antares names two new group heads following departure of senior MD

The firm’s sponsor coverage and asset management groups are under new leadership.

Rantum raises €300m for German Mittelstand loans

The fund manager has raised more than double its first fund to invest exclusively in the German mid-market.

Direct lending posted 9% gross return for 2017: Cliffwater index

The industry benchmark showed an almost 10% gross return for the strategy since September 2004.

European deal volume up 50% in Q4 2017 – report

Strong lending in the final two quarters of 2017 saw record levels of European deal activity.

AllianzGI, StepStone and Citizens Bank form mid-market lending platform

The partnership will lend to companies with less than $100m in EBITDA.

PE sponsors upbeat on world economy – report

Fund managers, businesses and investors are more positive about 2018’s prospects for LBOs.

ICG looks for €4bn to invest in sub debt

The London-based firm is looking to deploy the capital into companies with €100m-€1.5bn of enterprise value.

Alcentra BDC emphasises turnaround plan after ‘challenging’ 2017

The New York-based BDC’s stock price hit its lowest levels as the alternative lender said it will focus on, among other things, lowering its statutory leverage levels.

Half of ArrowMark’s direct lending IC departs firm – exclusive

Neither departed employee indicated a rationale for their exit or future plans.

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