Anastasia Donde
The $1bn fund invested just $7.4mn in the fourth quarter, citing the tumultuous market environment as the reason why it opted to stay on the sidelines.
Troy Ward and Greg Mason, formerly senior analysts covering BDCs at Keefe Bruyette & Woods, have joined Ares where they will manage a fund dedicated to financial stocks, including BDCs.
The BDC, which has about 9 percent of its portfolio in energy, detailed its largest positions and mark-downs in the fourth quarter of last year. Management argued that the companies have cut spending and sourced equity infusions to remain on a sound footing.
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Leo Helmers who co-founded Carlyle’s mezzanine business, has become an investor and senior advisor to Star Mountain Capital.
The alternative investment firm is creating a single unified credit group, led by Kipp DeVeer and Greg Margolies, allowing the firm to launch funds that can tactically allocate between liquid and illiquid credit.
Golub Capital proved it was ahead of the pack with a strong year fundraising, originating new deal and hiring some of the industry's best talent.
Tumultuous markets capped off an otherwise lucrative year for North America’s debt managers and the headwinds are continuing into 2016.
Karl Polen, the head of private markets at the Arizona State Retirement System, will become chief investment officer replacing Gary Dokes.
The pension fund has set its annual pacing plan to private equity investments and tapped GSO’s mezzanine fund for a $75m mandate.
The New York-based firm is raising $500 million for its third asset income fund investing in specialty finance companies.