Anastasia Donde
.jpg "Oaktree targets $10B for next distressed fund")
An initial $3 billion will be deployed immediately, while an additional $7 billion reserve pool will be raised to invest at a later date. Oaktree will also waive management fees on the dry powder.
.jpg "Fortress, Lone Star among finalists in Unicredit NPL sale")
The deal could be worth €700-€800 million and is expected to close in the middle of next month.
The New York-based lending firm is assisting The Riverside Companies in its acquisition of Tate's Bake Shop.
The senior executives at Golub Capital are a tightly knit crew who are united in their penchant for caution and a conservative approach to lending. Being careful and side-stepping the riskier deals has gotten them to $10bn in capital this year. Some of the team leaders recently sat down with PDI in New York to go over their process and growth.
The New York-based lender has finalized two one-loan debt deals with a substance abuse clinic and a specialty retailer.
.jpg "GSO’s BDC reduces syndicated loan exposure")
Direct originations have been increasing at FSIC for the past several quarters and continue apace so far this summer
Now that the firm's event-driven hedge funds have reached their three-year track records, Golub plans to take them out to market.
Private investment in real estate debt continues growing and here’s what some of these managers are bringing to the table.
The $520 million portfolio of Canadian mortgages is moving from a Canadian pension fund to an institutional asset manager in the country.
The firm is providing financing to Upstart, a Palo Alto-based lender that issues loans to individuals who might have poor credit histories.