Anna Devine
The growth capital debt manager has raised €122 million for its first dedicated European growth capital fund.
Through partnership with IDeA Capital Funds, both Bayside and IDeA aim to manage distressed Italian corporate loan portfolios of up to €500 million in nominal value.
The new framework will eliminate uncertainties in the way BaFin applies rules to debt funds.
CPPIB has made the investment in a high-yield bond fund managed by Chile-based Moneda Asset Management.
Managing director Jeff Sockwell will remain an advisor to the alternative lender.
The Stockholm-headquartered firm has raised €350 million for its first direct lending fund.
Kinaxia has bought two family-owned businesses, following three previous purchases from family-owned companies.
The Zug-headquartered firm has deployed all the capital already.
All 99 members of the Local Government Pension Scheme can appoint any of the four shortlisted managers under a newly created framework.
The management and team at the London-headquartered direct lender have increased their stake in the business.