Anastasia Donde
The networking frenzy at this year’s ACG InterGrowth saw some delegates boasting about deal volume while others were struggling.
For a strategy often declared ‘dead’, there are still plenty of mezzanine managers and funds in the market.
The Midwestern US pension fund plans to hire two firms for its first direct lending mandate at a total of $400m.
The US pension fund is interviewing Crescent, Maranon and Monroe for another direct lending mandate, after hiring Alcentra earlier this year.
Woes at LendingClub are prompting speculation about the future of the P2P phenomenon.
The Angelo, Gordon direct lending subsidiary has hired Pete Notter and Chris Martin, two senior originators who previously worked at Madison Capital Funding.
The US consulting firm is keen on international mid-market lending strategies and structured credit as return-enhancing portions of clients’ opportunistic allocations.
Lukas Spiss, formerly a senior vice president at Partners Group, has joined the new private debt firm as a principal and member of the origination team.
.jpg?id=12885368223 "MGG reports 13.8% gross unlevered returns – exclusive")
The US lending firm set up in 2015 with money from Frank McCourt also shared 11 deals, most of which the firm led in a variety of industries with coupons between 8% and 11%.
The vehicle posted healthy financials amid an otherwise tumultuous quarter.