Anastasia Donde

Private equity is not just about taking over companies, KKR’s co-founder said on the firm’s third quarter earnings call.

The Los Angeles lender will be investing in equipment leasing through loans originated by 36th Street Capital.  

The two alternative investment firms have dropped their planned merger but say they will look for other ways to collaborate.

A federal judge ordered TICC management to provide additional information about the planned sale of its investment manager to Benefit Street Partners, delaying a special shareholder meeting about the deal scheduled for 27 October.  

Ellen Alemany, a CIT board member, will replace Thain as chief executive in March, while Thain will stay on as chairman.  

The credit hedge fund is raising its debut direct lending fund, targeting $400m-$500m.  

The PIMCO Balanced Income Fund and PIMCO Investment Grade Credit Fund are designed to enhance fixed-income returns in a low interest rate environment.

Highbridge Principal Strategies, the private debt business within hedge fund Highbridge Capital, is close to a deal to spin out from the hedge fund and JPMorgan Chase, its parent.  

The institutional investment advisory firm has brought on Ted Disabato as a managing principal in the new office. He is bringing clients and staff with him from a firm he used to run and is now closing.

Robert Klein previously led Prospect Capital’s CLO strategy.