Anastasia Donde
European credit firms that have established solid footing in the US have largely done so via acquisitions and noteworthy local hires. Several of them are now working on so-called global products, Anastasia Donde finds.
With a solid foundation in place, Benefit Street Partners is expanding into new strategies. Anastasia Donde caught up with the team on why non-sponsored deals are better and hiring in private debt is so hard.
The manager’s first CLO this year represents about $600 million in new assets under management.
This represents the firm’s largest fundraise for a vehicle that’s the first in a series of energy-related funds. Carlyle is still raising money for its second energy mezz fund.
The Goldman Sachs BDC priced its IPO at $20 per share and started trading on the New York Stock Exchange on 18 March.
Michael McFerran, previously chief financial officer for KKR’s credit group, has been appointed CFO and Treasurer at Ares Management.
The $30 billion Indiana public pension plan is investing with both Oak Hill Advisors and Oaktree Capital Management for broad fixed-income separate accounts.
The California pension fund plans to kick off a search for two US senior direct lending managers to fill its new 5 percent target to private debt.
The $52 billion pension plan is investing €150 million with ICG’s sixth European mezz fund and $100 million with Venor Capital Management’s second special situations fund.
The BDC continued to post losses from energy investments in the fourth quarter, but new management is hopeful that they’re on the right track to restructure the portfolio.