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Directing the way

As more limited partners get into the business of deploying capital directly, it’s important to make sure it’s a win-win for both GPs and LPs, Andrew Hedlund writes

WATCH: “There’ll be a lot of demergers”

Over the last few years, the M&A market has been characterised by companies hunting for acquisitions. That may be about to change. We spoke with four senior executives – Michael Romanek of Rise Partners, Jon Herbert of Beechbrook Capital, Garrett Ryan of TwinBrook Capital Partners and William Fitzpatrick of Raymond James Financial International – about […]

Ares becomes first listed alternatives manager to convert to a C-corporation

The firm has also set a new dividend policy with the potential for special dividends when performance fee income is particularly elevated.

Can you rely on a termsheet?

Lenders may be left compromised when a deal termsheet does not make clear how much control sponsors have over the transfer of payments.

NXT Capital locks down largest fundraise yet

Senior Loan Fund V is levered with a credit facility provided by Wells Fargo Bank.

Genda’s new debt shop seeks $750m – exclusive

The new firm, led by the founder of Cerberus Capital Management's mid-market lending group, has made several hires since its launch, including a CFO.

Alcentra raises €690m for opportunistic Europe fund

The firm’s special situations investment platform has grown to more than €1bn.

Analysis: Are LPs getting their way on fund terms?

With the possible exception of hurdle rates, LPs can count victories on management fees, carry and the growing number of bespoke structures being employed.

Analysis: US fees under fire?

European private debt fund economics are under pressure as competition grows across the continent. But are the same forces at work in the more established US market?

Njord fund set to hold first close on up to €150m – exclusive

The European mid-market firm invests both debt and equity across the capital structure.

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