Anna Devine
.jpg "RiverRock wrapping up second DL fund – exclusive")
Private debt manager RiverRock has a target of €300 million for its second direct lending fund but could exceed that figure.
Voting closes for the Private Debt Investor Awards 2015 on Friday. Results so far show that there is still everything to play for across three regions, with many nominees in a neck-and-neck race to the finish line.
.jpg?id=12885340508 "EBA issues guideline limits on shadow banking")
The European Banking Authority has issued new guidelines on limits to credit intermediaries which operate beyond the scope of regulation, effective as of 1 January 2017.
The $4.8bn transaction follows the sale of General Electric’s European mid-market financing business to the Japanese banking group in June.
.jpg?id=12885341125 "Blackstone nears first close on real estate fund – exclusive")
The firm, which is seeking $4bn for its third real estate debt fund, is eyeing a first close of around $1.5bn before year end.
ESO has received commitments amounting to 40 percent of its target for its sixth special situations fund.
Howard Sharp, previously head of origination and sponsor coverage at GE Capital, will become head of mid-market direct lending at Park Square in the new year.
.jpg "KKR deploys $500m in European direct lending")
KKR has invested $500 million in eight European direct lending transactions this year. The firm has also completed the acquisition of ACP’s majority stake in Selecta after providing rescue financing to the company last year.
Private debt managers looking at opportunities in Asia reflect a wider theme of institutional investors looking for yield and diversification outside of their home markets.
The agreement is the first under a €2.3 billion EU-backed programme for small to medium sized businesses to be signed in the UK.