Andrew Hedlund
Earlier this year, the firm executed the largest ever BDC deal and has since followed up on it by supporting another massive buyout.
Investors sense a downturn might be on the horizon, and nobody wants to miss out once distress arrives.
The issuance comes less than two months before rules requiring managers to hold 5 percent of risk from a CLO.
Business Development Corporation of America has replaced its old external advisor and plans to focus on senior debt.
The Sunshine State pension fund recommitted to the latest incarnations of three funds to which it previously pledged capital.
PDI sat down with five business development company experts to discuss key developments in an industry that is constantly evolving.
.jpg "BSP set to close BDCA deal this week – exclusive")
The transaction will involve appointing four new independent directors to the seller’s board.
The firm is aiming to raise $750m, with a hard cap of at least $1bn.
The Moelis & Co. affiliate said it garnered commitments from pension plans, insurance companies and foundations and endowments.
The investment firm has added individuals to their Chicago, London and Toronto locations.