Anastasia Donde
The asset-based lending portfolio will be combined with Ares’ existing commercial finance business for a $700 million loan platform.
.jpg?id=12885365042 "GSO’s assets inch up to a record $75bn")
Seventy-five percent of the capital deployed during the first quarter by Blackstone’s credit group went to Europe.
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.
The Chicago-based online lender has arranged for $400 million in new financing that will allow institutional investors to purchase loans originated from its technology platform.
The $150 million program is focused on providing affordable credit to overlooked borrowers and communities.
.jpg?id=19327357913 "Exclusive: Estonian P2P lender to expand into US")
Tallinn, Estonia-headquartered Bondora, which already operates across Western and Eastern Europe, plans to launch in the US.
The credit firm’s first fund focused on distressed debt will have a three-year investment period.
The business development company of the US lending firm is offering the new shares at $17.42.
.jpg?id=12885344055 "Oaktree moves towards close on $10bn distressed fund")
The Los Angeles-headquartered alternative investment firm is said to be close to its $10 billion distressed fundraising target.
The CVI Credit Value Fund III, which is targeting $2 billion and a summer close, has raised $150 million from the Massachusetts Pension Reserves Investment Management Board.