Anastasia Donde
Hot on the heels of its sale to CPPIB, Antares is reviving a pre-sale lending partnership. The firm's senior managing director shares the details on the firm’s joint venture with Lone Star.
With Sankaty the latest market participant to plot a business development company launch, PDI examines why some peers aren’t following suit – and whether they might be missing out.
(1).jpg "Market headwinds hit GSO returns")
Performance for all three of GSO’s alternative credit strategies fell in Q4 as energy pricing, credit turbulence and the year-end equity sell-off took their toll.
.jpg?id=19327366475 "CIFC taps JPMorgan to explore sale options")
The credit manager has enlisted the bank to help improve shareholder value.
The private equity manager is making its debut in private debt by hiring Bill Sacher and Shahab Rashid, who formerly held senior roles in Oaktree’s mezzanine group, and by opening a New York office.
The CPPIB-owned lending firm has hired several senior executives from GE Capital, which used to house Antares, for its loan syndication and trading desk.
.jpg?id=19327376148 "Cerberus and NewSpring back telecom company")
The credit lines for Otelco total $105 million and will repay outstanding debt arranged by Antares Capital, which is due to expire in April.
The BDC is putting two board members up for re-election and renominating EY to serve as its public accountant at its annual meeting of stockholders on 14 March.
Gareth Henry joins from Fortress Investment Group, where he oversaw sales, marketing and client service for the firm’s liquid markets group.
Golub Capital has raised roughly $360m in a third close for its tenth leveraged finance-focused debt fund.