Andrew Hedlund
The vehicle will deploy $15m-$40m per transaction.
The US offers stable loan underwriting standards and an opportunity for debt funds to take back market share from banks, which have lent more in recent quarters. By Andrew Hedlund
The US offers stable loan underwriting standards and an opportunity for debt funds to take back market share from banks, which have lent more in recent quarters. By Andrew Hedlund
The firm, which collected $5.5bn for its first BDC, will commit between $20m and $500m per transaction.
The same forces that gave rise to direct lending also caused marketplace lending to grow. Now the latter is experiencing compressed returns. Andrew Hedlund reports
The credit veteran emphasises caution will win the day in his latest memo.
The firm co-founder is on indefinite leave from the firm and has since invested in a car wash business.
The firm is seeking €100m more than it raised in its previous fund.
The New York-based credit manager will bring on at least three investment professionals.
The two public retirement plans are set to decrease their commitments to the asset class as part of the impending implementation of a new asset allocation.