Anastasia Donde
The US investment firm has raised $2 billion for its first direct lending fund and is considering starting a business development company, too.
The $67 billion Virginia Retirement System is investing in funds with KKR, Oaktree and Babson.
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The US credit and hedge fund manager is said to be targeting €1-€1.5 billion for the new commercial finance vehicle, to be managed from London.
With GE selling its lending business, the Ares Capital Corporation would look to replace GE Capital as a partner in its SSLP tie-up. If no likely candidate is found, the firm would wind down the program.
The US credit firm has brought on Thomas Lane as a managing director in media origination and Brett Hinton as a director in business development. Both are based in the Los Angeles office.
The new bill, which was introduced by US Congressman Erik Paulsen, is meant to amend a tax provision that would allow for more foreign investment in BDCs.
The $14.9 billion pension fund has decided to scrap its planned $40 million commitment to the Black Diamond Opportunity Fund IV.
With 2,500 attendees at the third annual Lendit USA event, the online lending industry has reached a pivotal point. Already the leading participants are thinking about sustainability and risk, Anastasia Donde finds.
Prudential Capital Group's Ric Abel discusses his new role focusing on mezzanine and equity power investments. Prudential Capital is the private debt investment arm of Prudential Investment Management, which manages the assets of the insurer.
The alternative investment firm’s assets grew by 16 percent from a year earlier, while adjusted net income fell by 37 percent.