Anastasia Donde
Joint ventures are proliferating among US lenders. Anastasia Donde explores why they are saying ‘I do’
Ares Capital landed its largest deal ever with the help of old private equity friends and about 30 other lenders, writes Anastasia Donde
The Chicago-based firm is raising $300m in equity for its NXT Capital Senior Loan Fund IV and expects to top that up with $500m in bank leverage as it did on the predecessor vehicle.
Ares Capital Corporation and American Capital both announced share repurchase programmes this week in an attempt to bolster stock prices which are trading at discounts to NAV.
Frank McCourt-backed MGG Investment Group has enlisted the help of a placement agent to raise its first fund and has added a number of senior staff.
The US alternative investment firm is targeting $750 million for its new real estate debt fund.
The US firm launched its new credit business with former Bear Stearns leveraged finance veterans earlier this year.
Several large pension funds have recently made new commitments to vehicles managed by Catalyst, Torchlight, Oaktree and Silver Point, among others.
Sam Kwon previously worked at The Carlyle Group, within its Global Market Strategies (GMS) business, the alternative investment firm’s credit platform.
The New York-based BDC is offering five million new shares of its common stock at $14.14 per share. Chairman Steven Klinsky is purchasing 500,000 of the new shares.