Anastasia Donde
As a source of capital, Business Development Companies are well liked by private debt managers, but investors may become more circumspect.
The financing legal expert will work with a variety of alternative lenders from the firm’s Los Angeles office.
Marcelo Sarago will be joining one other originator in New York. The firm now has seven originators in total.
The North Carolina firm has issued a $35 million worth of unitranche debt to Gilchrist & Soames.
The vehicle also experienced an unusually strong quarter in terms of new originations totaling $332.6 million.
Some of the firm’s mid-market lending group is moving to Texas and is also recruiting for new hires there.
The new De Vere hotel additions will be integrated into the portfolio of Qhotels in England that the two firms already own.
The Ohio Police & Fire Pension Fund has earmarked $30 million to the Barclays spin-out and is also making new real estate commitments.
.jpg "CIT offers senior financing to shipping company")
Blue Wall Shipping will be receiving a $24.1 million investment from CIT Maritime Finance for the purchase of new dry bulk carriers.
Kunal Soni, a managing director in San Francisco, has been promoted to oversee direct lending for the West Coast.