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Crestline raises $800m for latest senior debt vehicle

The firm also recently closed a $600m vehicle that finances late-stage private equity-style funds.

HTGC raises leverage to act as cushion for current strategy

The vehicle had a successful shareholder vote to increase its debt-to-equity leverage from 1:1 to 2:1.

Metropolitan Partners Group holds final close on Fund V

The direct lending vehicle will invest in lower mid-market companies based in the US.

MCC posts dismal FY-end results ahead of merger with Sierra Income Corporation

The BDC has experienced steady losses for over four years, with a net asset value drop of 30% over the last fiscal year alone.

FSIC and CCT shareholders back BDCs’ merger

While the merger of the publicly traded vehicles is set to be completed, the combination of their non-traded BDCs has been put on hold amid low stock-trading prices.

FS Investments hires new executive to help navigate growth

Robert Stark, the new senior managing director, will be responsible for helping develop and execute the firm’s strategy.

Goldman Sachs locks down almost $10bn for mezzanine fund

Goldman Sachs has done it again – raising the largest mezzanine fund ever and breaking its own record in the process, according to PDI data. The storied New York-based investment bank has collected $9.9 billion for its GS Mezzanine Partners VII, which, with leverage, will give the firm $13 billion to deploy. Its latest vehicle […]

Kennedy Lewis hits $500m target on initial fund – exclusive

The New York-headquartered firm has also expanded its management team, with some senior hires in the past few months, Private Debt Investor has learned.

OCERS to lower its private credit allocation

The California pension fund updated its asset allocations to ensure steady returns if faced with changes in market conditions.

The shifting sands of the BDC market

The march into CLOs and action against the AFFE rule are developments that Andrew Hedlund believes will change the shape of the BDC market in 2019.

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