Anastasia Donde
The Ventura County (Calif.) Employees Retirement Association is starting a maiden 5 percent allocation to private debt.
The Goldman Sachs BDC plans to offer its shares on the NYSE next week.
The Boston firm’s BDC also reports an 11.7 percent average yield on investments and 6 percent exposure to oil and gas.
.jpg?id=12885362061 "Monroe Capital BDC net income rises by a fifth")
The firm also reports portfolio fair value of $233.5 million invested across 40 companies, which achieved an average yield of 11 percent last year.
The firm is approaching its €2.5 billion cap for its first dedicated European senior debt strategy and expects to close it within weeks.
The direct lending group of the alternative investment firm has already started raising money for its first commercial finance fund and plans to raise its third European fund later this year.
The pension fund is investing $300 million in Oaktree Opportunities Fund X, a distressed debt fund with an overall target of $10 billion.
BDCs looking to break into closed-end funds and credit fund managers eager to get into BDCs have at least one thing in common: a long to-do list.
The Chicago-based lender has named two new partners, two principals and one vice president from among its existing staff.
The lender’s Franchise Finance business has arranged a $59 million credit facility for PF Growth Partners, one of the largest nationwide franchisees of the US sports club.