Anastasia Donde

The Boston-headquartered firm has now completed eight CLOs since 2012, bringing it to $4.1 billion in total issuance.

Steve Schwarzman attributed negative ENI to unrealized losses in the public markets, while highlighting record AUM growth of $97 billion across the firm and $7.7 billion at GSO over the past year.  

Massachusetts-based Sonian, a tech company that handles cloud-based archiving, has lined up a $7.5 million venture debt financing from Ares Capital Corporation.

The Catalyst Capital Group, which specialises in distressed-for-control investing, passed the $1.25 billion target for its latest fundraise.

Lenders to the bankrupt mining company are asking the bankruptcy court to investigate Oaktree Capital Management, alleging it saddled Molycorp with debt and caused its demise.  

Years of poor performance and dwindling assets within Fortress’s macro business have prompted the firm to exit the strategy, with Michael Novogratz set to leave. Fortress’ credit business, on the other hand, is a growing and successful strategy for the firm.  

The GSO-sub-advised BDCs placed a $150 million senior secured loan with T.H. Lee-backed Healthcare Staffing Services.  

The firm’s US Private Capital Group has named Michael Zugay to a new post of head of investments in New York.

The California pension shortlists Crestline Investors, Silver Creek Capital Management and White Oak Global Advisors for a direct lending mandate.  

Firm is alleged to have inflated value of assets at its largest BDC and delayed write-downs ahead of taking the management company public.