Anastasia Donde
The co-founder and former CEO of MidCap Financial has been promoted to partner of Apollo Capital Management, in conjunction with the launch of Apollo and MidCap’s new direct origination platform.
The direct lending vehicle is thought to be the largest single fundraise yet dedicated to the strategy.
Tom Einhorn left the bank on 28 January, after spending about five years trading distressed securities at UBS.
.jpg "GSO raises $2bn in new energy, European funds")
Performance on existing funds abates in final quarter of 2014.
Leading distressed investment figures are eyeing energy, while there’s a deafening silence from BDCs and other mid-market lenders with significant energy exposure. Anastasia Donde surveys the impact of sub-$50 oil.
.jpg "LBC Credit issues second lien loan for metal company recap")
Ohio-based Defiance Metal Products will use the $20 million loan to recapitalise and buy out minority shareholders.
Construction finance, always risky, is even riskier without signed leases for new commercial space. Anastasia Donde examines how alternative lender, Madison Realty Capital, got comfortable with a hotel gamble in New York’s trendy Williamsburg.
.jpg "Alcentra’s Hatfield moves back to London for global CIO role")
Jack Yang, the head of business development, will replace Hatfield in New York as head of Americas.
The firm’s Brightwood Capital Fund III has raised money from at least two public pension funds and has a much larger overall target than capital raised for previous funds.
.jpg "Hartford pension ramps up private debt programme")
The Connecticut retirement scheme has hired three firms since it began allocating to private debt and expects to make two to three more fund additions this year.