Anastasia Donde
The Santa Monica-based real estate firm has reached about half of its fund raising goal for its new distressed credit and special situations fund, which was launched one year ago.
The Pennsylvania State pension fund is making additional commitments to existing alternative managers as part of a plan to invest more money with fewer firms.
.jpg "Portfolio Advisors accelerates fundraising for latest fund")
The Connecticut-based firm is raising a new credit fund with the help of newly acquired DLJ Investment Partners.
.jpg "CIT, OneWest to create lending giant")
New York-based CIT Bank, which is led by former Merrill Lynch and NYSE Euronext executive John Thain, will merge with Los Angeles-based OneWest to create a US lending powerhouse.
The Ares-run BDC is offering 13,500,000 more common stock shares that it plans to use to pay back debt and for other corporate needs.
.gif "Abacus provides financing for wire assembly co. acquisition")
The New York-based specialty lender has closed on a deal with a Massachusetts-based wire assembly company, as party of its acquisition by a private equity firm.
.jpg "Monroe Capital Assists in Recapitalization of Starpoint Health")
The Chicago-based lender has provided a $14 million senior secured credit facility with a California-based healthcare company.
.jpg "GE lends a hand in specialty retailer acquisition")
The Norwalk, CT-based lender is providing debt financing to a specialty retailer following its purchase by a consortium of Chinese investors at a bankruptcy auction.
The alternative investment giant's credit group, GSO, is growing ever larger on the back of strong performance, new fund launches and asset inflows.
Fears of rising interest rates are sending US institutional investors away from traditional fixed income to other areas of credit, namely private funds. Even more significantly, they're shifting their focus from the US to Europe and Asia.