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Employees Retirement System of Texas solidifies opportunistic credit strategy

The pension plan updated its asset allocation to opportunistic credit to 3% and will look for investments across its hedge fund, external credit and real estate strategies.

Gender diversity: ‘A complex business issue’, not an ‘aspirational target’

More action is needed to retain and promote women and to put them in the C-suite and cadre of decision makers. PDI sought out disparate viewpoints in the industry on how to make it happen, and here’s what we found.

Martin to leave co-CEO role at Antares, leaving Brackett as sole chief

John Martin will leave David Brackett’s side after 35 years in business together. Another founding partner had exited the business in November.

The BDC merger that’s become a marathon

A new bid has stirred the pot ahead of a shareholder vote on the disparate offers to reorganise Medley’s publicly traded BDC.

Contrarian targets $400m for latest distressed RE fund – exclusive

The vehicle will focus on investing in US-based commercial real estate including office buildings, retail, multifamily, industrial and hospitality assets.

BlackGold seeking capital for next drawdown fund

The firm has raised two closed-end funds dedicated to energy lending under the auspices of the BlackGold Private Energy Partners fund series.

NexPoint Advisors to nominate directors to MCC’s board if MDLY merger is defeated

MCC has until 15 March to hold its annual shareholder meeting to prevent the board nomination window from opening.

Goldman Sachs BDC ends JV with UC Board of Regents

The New York-based mid-market lender won additional investment capacity last year when shareholders voted to increase its leverage capacity from a 1:1 debt-to-equity ratio to 2:1.

Bain BDC: Credit quality strong, markdowns due to volatility

The business development company had the strong portfolio origination and consistent yields, despite taking a hit to its NAV per share.

Carlyle BDC Q4 credit losses partially reversed with market rally

The firm said on its fourth-quarter earnings call that one-third of its losses have been recovered after it posted an EPS loss for the final three months of 2018.

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