Anna Devine
Investors will be able to access the US and European senior secured loan market through the open-ended $150m vehicle.
German interest in private debt is high but there are still challenges, not least the negative impression created by the label ‘shadow banking’. Anna Devine reports from PDI’s first event in Germany.
CLO managers are searching for ways to allow third parties to help finance risk retention. Anna Devine reports.
.jpg?id=12885322297 "Commerzbank books sell at three percent discount")
The German bank intends to further reduce its portfolios in commercial real estate and in shipping finance.
.jpg "Greater Manchester, Santander back UK SME fund")
The UK pension fund and bank have made commitments to Enterprise Value’s new £40 million private debt fund.
.jpg?id=19327362742 "GE Capital’s European lending unit sold for $2.2bn")
GE Capital will retain its share of its European joint ventures with Ares Management.
The European arm of American Capital is more than half way towards its target for its first direct lending fund.
.jpg "KKR to expand Italian ‘bad loans’ platform")
KKR, UniCredit and Intesa Sanpaolo have ramped up the vehicle with almost €1 billion in debt and equity exposure to Italian companies.
The London-headquartered lender has hired a former leveraged loan banker to focus on the UK market.
.jpg?id=12885321029 "Idinvest Private Debt III smashes target")
The Paris-headquartered lender has surpassed its hard target of €350 million for its third fund dedicated to mezzanine and unitranche.