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Korea’s POBA mandates three US managers

The Korean public pension fund has committed $150m across Golub Capital, Ares Management and Antares Capital.

Ares, Varagon beef up senior debt investment vehicle

The winddown of Ares’ Senior Secured Loan Programme allowed it to commit additional funds to the current effort with Varagon.

LPs still see bright future for private debt performance: reports

Two more studies show a plurality of LPs expect to increase their private credit allocations.

Unitranche drives growth in European mid-market

Having slowed down a little in 2016, unitranche financings for European mid-cap firms shot up by 75% last year as Germany set new records.

Comvest secures more than $800m for mid-market companies

The firm will look to deploy the capital across a relatively benign credit market.

TCP raises nearly $2bn in one of 2018’s first fundraises

The firm’s lending strategy includes investing in companies both with and without the backing of a private equity firm.
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MacGregor joins Beechbrook to head portfolio management

A former RBS and UK Government Investments executive is to join Beechbrook Capital to manage its growing portfolio.

Perfect partners

Sponsored deals are still the dominant form of mid-market private debt fund lending, but non-sponsored growth is matching the general trend.

Partners highlights opportunity in ‘add-ons’ and complexity

A new report from the firm says direct loans in the mid and upper mid-market offer the most attractive return potential in the US.

Banner year for US leveraged loans, but structural challenges ahead

Leverage is creeping up in large-cap leverage buyouts, riskier credits are being issued and prospects for strong recoveries are dwindling.