Anna Devine

The private equity firm has surpassed its target of $600 million for its Structured Opportunities Fund which will invest in both debt and equity.

François Terrade has been brought on as the new head of structuring at Demica, a receivables intermediary which was bought in August last year by three private investment firms.

Blackstone, TSSP and CarVal have agreed to buy roughly $5.8 billion in mortgage loans from GE Capital’s UK Home Lending business, as GE prepares to exit the market.

LSE-listed fund administrator Sanne has made a senior appointment to its private debt and capital markets team.

The US private debt manager plans to wind down the Granite securitisation underpinning financing for £7.5 billion of the loans.

Private debt in Asia offers more attractive risk-adjusted returns on a relative basis compared with North America and Europe, delegates at the PDI Asia Forum heard last week. Market veterans, in particular, were aware of the pitfalls as well as the opportunities.

Michael Henningsen with 15 years advisory experience in alternative assets and capital markets will co-lead First Avenue’s expansion in Asia-Pacific.

A steering committee has agreed to the proposal in a non-binding letter of support, while a second plan from a Farallon-led committee has also emerged, according to reports.

The business development company’s assets by fair value have grown to $1.146 billion, up 39 percent year-on-year.

Analysts rate the proposed BDC spin-out overweight, saying they see the potential restructuring unlocking significant shareholder value.