Anastasia Donde
The Philadelphia-based lender has issued a senior credit line towards the combination of two Monomoy Capital-sponsored electronics companies.
.jpg "Exclusive: Crescent targets $3bn for next mezz fund")
Crescent is setting a more ambitious target for its latest mezzanine fund after busting through its $2.5bn target last time around, PDI has exclusively learned.
The private debt group, headed by Susan Kasser, who came over from Carlyle in 2013, is said to be offering lower than average fees to LPs.
With private debt still an emerging asset class among US public pension funds, managers would be helping themselves if they were better at educating investors.
Senior managing director Devon Russell left the firm this week, joining a growing list of executives who have departed the Chicago-based lender in recent years. But the firm has just announced that it has appointed a new head of mezzanine credit who joins from subordinated debt specialist, Sankaty Advisors.
.jpg?id=12885369718 "Exclusive: Babson hires VPC lending principal")
Tom Affolter will join the Chicago office of Babson Capital in two weeks following his departure from Victory Park Capital.
.jpg "Managers turn to niche areas as they wait for a downturn")
The next market slowdown still seems to be some way off, according to speakers at this week’s Private Equity Exclusive conference, so private debt managers are looking at opportunities outside of distressed for returns.
The lending group of the alternative investment firm and the Chicago-based lender are said to be teaming up for a partnership to issue unitranche loans.
(1).jpg?id=12885368207 "Monroe co-lends to online data provider")
The Chicago-based firm has lent $31 million to Intelius, alongside Prospect Capital, and arranged two other senior credit deals in the last ten days.
Julian Weldon, who in March was hired as head of corporate strategy, will now also take on two extra titles replacing the previous combined general counsel and chief compliance officer.