Anastasia Donde

The distressed investment firm’s fourth fund was over-subscribed, beating its $500 million target and bringing the firm’s assets under management to a total of $1.2 billion.  

 Wendy Carlson replaces Ric Abel, a Prudential Capital power veteran who is moving on to a different role on the team.

The lending arm of the insurer recently came off a solid year of new originations—at $11.3 billion—and expects to do even more in 2015. ?  

The firm also reports that it’s focusing more on senior and one-stop loans, avoiding junior debt and emphasizing a time for more caution.  

The firm’s executives remain optimistic about growth in some of its newer funds, as well as investing in credit and stressed energy companies, despite the fall in earnings.  

Overall economic net income at Leon Black’s alternative investment firm declined by an even larger degree than the credit unit, while assets remained flat.

Franklin Square Capital Partners has provided a $242 million unitranche loan to back a dividend recap for Dent Wizard.

 Large US public funds are writing large checks to private debt managers for dedicated energy strategies.

The California real estate firm and the New York credit manager are jointly launching a non-traded business development company, which could eventually be offered on an exchange.  

The approximately $100 million remaining investments were mainly soured ABL stakes that had been turned into equity investments and handed over to a PE work-out manager.