Anastasia Donde
The US lender’s business development company put 85 percent of the new deals into one-stop loans.
The Boston-headquartered alternative credit firm has now closed on seven CLOs worth $3.7 billion since 2012.
Steven Noreika has been promoted to chief financial officer of the Connecticut lender’s two BDCs.
As the Ares/GE Senior Secured Loan Program draws to a close, many other joint ventures are proliferating, but are they really made of the same stuff?
The credit arm of Providence Equity Partners has been adding senior real estate professionals to its commercial real estate platform and intends to ramp up its CMBS origination activity.
The BNY-Mellon owned credit manager has hired Jon Schlafman from BlueBay Asset Management in a US business development role, while Julian Colville has moved to hedge fund Lansdowne Partners.
The New York-headquartered alternative investment firm smashed its original $750 million target for the distressed energy play.
CPPIB, the new owner of GE’s sponsor finance unit, and Ares, which had a lending joint venture with the unit, still haven’t reached agreement on the future of the JV. And neither side is contemplating a continuation of the partnership under the new management.
The Golub Capital Partners 9 fund is already 75 percent invested and the firm has begun gathering money for its next mid-market lending fund.
Charlie Riceman, a managing director in originations at Golub Capital, is set to join the AIG-backed lender soon.