Anastasia Donde
The Angelo, Gordon direct lending subsidiary has about $1.6bn in total capital, between the commingled fund, separate accounts and credit facilities.
The alternative investment firm revealed mostly declining financials in its Q1 earnings report, though Apollo is raising several credit funds, where performance was about flat compared to declines in private equity.
The networking frenzy at this year’s ACG InterGrowth event saw some people boasting about successful deal volume, others talking about the difficulty of getting deals done, and still others experiencing something in between.
The CPPIB-owned lender, which has big growth plans, intends to raise its loan hold size and ramp up its back office operations.
The California mid-market credit firm is considering product expansion with the backing of its new stakeholder CNO Financial.
With the US risk retention deadline looming, three clear methods of compliance are emerging.
Mergers, acquisitions, spin-outs and sell-offs have been on the rise among private debt firms, with more set to follow. But unfavourable market conditions may lead to failures and deals stuck in limbo.
The US firm has increased its management fee-related assets after commencing the investment periods on four new closed-end funds that were raised in the last year and a half.
Fred Buffone, who for the past three years worked at Fifth Street Asset Management as head of capital markets, has joined Freedom 3 Capital in New York.
.jpg "Avenue restarts Asia strategy – exclusive")
Marc Lasry and Sonia Gardner’s Avenue Capital Group has launched its fifth Asia special situations fund, a platform that hasn’t raised new capital since 2006.