Anastasia Donde

Jack Finlayson, the former chairman and chief executive of Layered Technologies, who has held a variety of other senior telecom industry posts, has joined the New York-based lender as a senior advisor and strategic investor.

The Providence Equity-owned credit firm is buying the investment adviser attached to the $1 billion Connecticut BDC and plans to pivot the portfolio away from syndicated transactions and CLOs to more privately-originated loans.  

Ares Capital Corporation’s management shared details on its plans for the wind-down of its SSLP joint-venture with GE Capital, as the BDC starts ramping up its new partnership with Varagon, sees new midstream energy opportunities via the Kayne Anderson acquisition and continues to post healthy financials.  

The capital deployed is about $1 billion more than in the same period last year and spread across a variety of industries and geographies.  

The sale of GE Antares to CPPIB will see banks arranging a $13.9 billion senior secured credit facilities, of which $10.7 billion will be an asset-backed loan.  

The New Jersey Division of Investment plans to commit $300 million to a separate account with GoldenTree Asset Management to target distressed opportunities in North America and Western Europe.  

The firm has been harvesting credit returns to investors, though Peter Briger says distressed investment opportunities are rare right now. The continued underperformance in the hedge fund business, meanwhile, has prompted Fortress to scale down that group.  

Medley Capital Corporation, Medley Management’s publicly-traded BDC, has extended the maturity and reduced the cost of its credit facility, which was originally arranged by ING in 2012.  

Oaktree’s management, like Blackstone’s, is seeing more opportunities in Europe both for direct lending and distressed situations.  

Brian Davis has joined Golub Capital from TPG in Charlotte, opening a new office for the New York-headquartered lender.