Anastasia Donde
As the GE Capital sell-off rolls on, the news continues to surprise. One particularly interesting wild card among the sale of GE Antares to CPPIB is the fate of its SSLP partnership with Ares. Anastasia Donde reports.
CIFC’s Julian Weldon is busy with CLO risk retention, Europe, mid-market loans and distressed opportunities.
The US private investment firm’s Enhanced Credit Supported Loan Fund focuses on sponsor-backed lower mid-market companies across the industry spectrum.
The Ares Capital Corporation has extended the maturity and reduced pricing on its existing $400 million revolving credit facility with Sumitomo Mitsui Banking Corporation, a Japanese bank
The board of the Indiana Public Retirement System approved switching five percent of its fixed-income bucket to private debt strategies, as part of an annual asset allocation review.
The two alternative investment firms, who had also bid on GE Antares, have submitted proposals for the GE Capital Healthcare Financial Services unit.
The New York credit manager plans to raise $250m for its next closed-end fund that will co-invest in the warehouses, equity and mezz bonds of CIFC and third-party CLO deals
National Technical Systems, a portfolio company of Aurora Capital, will use the $355 million credit facility to refinance its original loan from Golub and to make acquisitions.
.jpg?id=12885376815 "GE Antares drives senior debt in traffic company buyout")
The US lender, which will soon be sold to CPPIB, has arranged a $124.5 million senior credit facility for the PE purchase of Area Wide Protective.
.jpg "Angelo, Gordon raising $1bn for energy credit fund")
The alternative investment firm will tackle the sector by trading non-investment grade corporate credit, originating loans to energy companies and investing in distressed corporate debt.