Anastasia Donde
The New York-based credit and special situations manager has collected about two thirds of its $500m goal.
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The new private debt manager has hired Derek O’Leary as head of investor relations and business development and Sean Connor as a principal and member of that team.
The research consultant, who looked after direct lending and other private credit strategies at the US consulting firm, has taken up a role at a private debt asset manager.
Arrowpoint Partners, which last year formed a dedicated direct lending business, has been hiring credit and business development staff.
The money came in from several different types of institutional investors across 11 countries.
The former senior managing director at the New York Life-owned lender is said to be starting a direct lending business at another insurer.
After a difficult start to the year, some private debt managers now seem to be raking in assets from investors, but how long will it last?
The credit facility supporting Thoma Bravo’s acquisition of Qlik Technologies is the largest deal ever led by a BDC.
The California retirement system wants to hire a firm to handle both private equity and credit strategies in a separate account format to get up to its 14% target allocation.
The distressed vehicle that Centerbridge is raising $5bn on includes a main fund and a “flex” portion to be invested once more distressed opportunities materialize.