Andrew Hedlund
The firm has raised two closed-end funds dedicated to energy lending under the auspices of the BlackGold Private Energy Partners fund series.
The New York-based mid-market lender won additional investment capacity last year when shareholders voted to increase its leverage capacity from a 1:1 debt-to-equity ratio to 2:1.
A 25-year-old once got the ultimate vote of confidence from an industry veteran. Now co-founder and executive chair of Varde Partners, Marcia Page tells Andrew Hedlund how she hopes other young women will get a similar boost
A 25-year-old once got the ultimate vote of confidence from an industry veteran. Now co-founder and executive chair of Varde Partners, Marcia Page tells Andrew Hedlund how she hopes other young women will get a similar boost
As the cycle has worn on, memories of the global financial crisis have faded – and so have credit agreement standards. Andrew Hedlund reports
The firm said on its fourth-quarter earnings call that one-third of its losses have been recovered after it posted an EPS loss for the final three months of 2018.
The firm’s latest credit vehicle has already significantly outpaced its predecessor fund, which closed on $695m.
The market will trade loans £100,000-£1.5m in denominations of £100-£500, according to Equitivo’s CEO.
The firm raised almost $32bn for its credit strategies, with leverage facilities included, the bulk of which came from Ares Capital Europe IV.
Mezzanine debt funds were the most popular private credit strategy in 2018, collecting more than $50bn, according to PDI data.