Anastasia Donde
The $200 million allocation from Oregon PERF is the first known investment in GIP's new infrastructure debt fund, which is targeting $2.5 billion.
The Chicago-based financier has been making more investments via its SBIC subsidiary after getting approval for SBA-backed debentures.
Although deal-making activity by Ares was off to a slow start at the beginning of Q2, it picked up later in the quarter and is shaping up to be even stronger so far in July.
The $50 billion Pennsylvania pension system is committing $1.3 billion to a variety of private markets and hedge funds, with the biggest ticket going to a European private debt fund with Park Square Capital Management.
.jpg "Triangle Capital raises its dividend")
The North Carolina BDC is increasing the dividend it pays out to shareholders on the back of strong performance, though its profit this year has slightly declined.
.jpg "CIT backs a California office campus deal")
The New York lender is offering $60 million in senior secured credit to a JV between two real estate companies that will be using the money to refinance and renovate a sprawling office complex in San Diego.
The unit represents the fastest growing channel at Apollo, while overall profit slightly declines.
.jpg "Oaktree plots several fund raisers")
The private equity and debt firm raised $6bn for its closed-end funds in the last 12 months and has many more in the works.
The firm's president is now its chief executive, while Michael Arougheti is moving to the role of co-chairman.
The Virginia BDC is providing $8.75m in equity and debt financing to Southern Petroleum Labs in its acquisition by a consortium of private equity firms.