Andrew Hedlund
The firm has built out an array of platforms, including a formal growth debt product initiative launched last year, that are potential investment areas for its TSSP Adjacent Opportunities programme.
The firm is also is seeking up to $300m for its second fund, which extends loans to businesses in the lower mid-market with $3m of EBITDA or more.
The New York-based credit firm is in the throes of raising its new direct lending vehicle and has collected over $950m so far.
The new investment shop comes as credit managers beef up their CLO offerings through key hires, new products and acquisitions of CLO managers.
The rule also brushes upon the acquired fund fees and expenses disclosure, which some say limits some institutional investors from investing in business development companies.
With the addition of Oaktree, a respected credit business, Brookfield has shown how debt investing has risen to prominence post-global financial crisis and become crucial for being a global diversified asset manager.
More action is needed to retain and promote women and to put them in the C-suite and cadre of decision makers. PDI sought out disparate viewpoints in the industry on how to make it happen, and here’s what we found.
John Martin will leave David Brackett’s side after 35 years in business together. Another founding partner had exited the business in November.
As the cycle has worn on, memories of the global financial crisis have faded – and so have credit agreement standards. Andrew Hedlund reports
A new bid has stirred the pot ahead of a shareholder vote on the disparate offers to reorganise Medley’s publicly traded BDC.