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Senior debt funds show return longevity

Research from Burgiss shows that senior debt funds garner strong returns at the 10-year mark, but still lag behind private equity.
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Twin Brook pulls in record haul of $2.75bn for latest direct lending fund –...

The vehicle, which surpassed the fundraise of its predecessor fund, will continue the firm’s strategy of investing in US-based lower mid-market businesses.

By the numbers: LBC’s returns are strong among peers, but falling short of targets

The US mid-market lender is seeking $1bn for its fifth flagship fund, which is targeting a net IRR of 11-13%.
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Dividend recapitalisations are back on the rise

With fears of a financial downturn in 2019 on the back burner, the strategy of adding additional leverage is trending upward.

Goldman Sachs raises $4.4bn of deployable capital for senior debt

The financial behemoth is the single largest investor in the fund, which is the latest in the Broad Street series.

Direct lending ‘risks oversupply’

Niche strategies are starting to grow in popularity – a necessary counterbalance to the capital allocations piling up for mid-market direct lending, says Ari Jauho, co-founder and partner at Helsinki-based fund of funds manager Certior Capital.

Ares BDC sees ‘better risk-reward’ for mid-market opportunities

The lender continued to write massive cheques in Q1, but the average portfolio company EBITDA, when adjusted for size, is $66m.

Antares senior departures continue as another co-founder exits – exclusive

Dan Glickman, who is also a senior managing director, is set to depart the firm Friday.

Neuberger Berman collects $1.7bn for latest debt fund

The firm’s co-head of private debt still sees investors making first-time allocations to the asset class, despite the glut of capital raised in recent years.

Adams Street looks to add BDC to credit product suite

The private equity firm launched its private debt arm in 2016 and has so far raised over $500 million for its closed-end fund.
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