Anastasia Donde
The two firms are providing $500 million worth of mezzanine financing in the Lightower Fiber Networks and Fibertech Networks merger.
The Blackstone-owned firm aims to close the strategy at $3.5 billion at the end of June, having raised the money over the past six months.
One of the BDCs at Fifth Street Asset Management has closed on $309 million in long-term secured notes that refinance its existing $200 million facility with Natixis.
.jpg "Crescent moves closer to European fundraising goal")
The Los Angeles-headquartered lender has gathered about €400 million towards a €500 million target on its Crescent European Specialty Lending Fund.
The US firm’s credit co-heads speak to Anastasia Donde about their growth initiatives, regional investment targets and general views on the credit market environment.
New BDCs are launching around the clock even while many of the existing vehicles are trading below book value. Anastasia Donde looks at the challenges and whether the new blood can succeed.
The New Jersey state pension fund is allocating more money to its US and European credit investments with Och-Ziff Capital Management via a broad separate account.
Bids for the PE-lending unit are expected to come in today from Apollo, Ares, CPPIB, Guggenheim Securities and KKR.
The firm is targeting $1.5 billion for its second private debt fund and also expects to start an unlisted BDC soon.
Dan Cohn-Sfetcu joins the firm in New York to originate and execute mid-market credit investments for Carlyle GMS Finance and NF Investment Corp.