Anastasia Donde

The fund is changing its name to KKR Private Credit Opportunities Fund and will only charge fees on invested capital, a policy the firm is implementing on its second special situations fund.  

The firm added Chip Cushman from GE Antares to its middle-market lending team and has many more hires in the works, as it looks to seize on the opportunity created by GE Capital’s exit.  

The US lending firm is providing a $355 million credit facility for the refinancing of Plano Synergy Holdings, an OTPP portfolio company.  

The Los Angeles-headquartered firm has raised $3.2 billion in gross capital commitments in the first quarter and $14.5 billion over the last twelve months.

The private credit group at the US asset management firm plans to use leverage to increase the total capital to $2 billion. The team is also gearing up for its move to Austin and considering launching a BDC.  

The BDC has cut its dividends and is working on a number of other initiatives to get the vehicle in better shape.  

The business development company of the alternative investment firm has earned a steady 10 percent yield on its investments.  

The Gateway Mezzanine Fund II will consider investments in Australia, New Zealand, Hong Kong, Singapore, Korea and Japan, and focus on sponsored deals.  

David Heilbrunn, a former Churchill Financial exec, who has worked at The Carlyle Group since 2011, has joined Fifth Street Asset Management to work on structured credit initiatives.  

A new report from the Alternative Investment Manager Association highlighted the growth of private debt funds, saying that they match liquidity better than banks and have a good handle on risk.