Anna Devine
The private debt manager, which recently underwent a restructuring at ownership level, is back in the market with two successor funds – a new direct lending vehicle and its second special situations fund.
.jpg?id=12885363396 "Conning to acquire Octagon Credit Investors")
The $93 billion investment firm for insurance companies is set to take a majority stake in the US debt manager for $175.6 million.
Josh Easterly of TPG Specialty Lending has called on the board of TICC to reconsider his company’s bid for the BDC. He also hinted that new regulation could benefit issuers and shareholders.
Marlborough Partners report on the UK mid-market cautions private equity borrowers against issuing debt in more volatile market unless absolutely necessary.
.jpg "Permira Debt Managers signs £32m deal with Paperchase")
The investment specialist teamed up with Lloyds Banking Group to provide a £50m refinancing package.
The Switzerland-based asset manager expects to hold a first close at the end of the year.
The private investment group has provided debt and equity to Affordable Care Inc.
.jpg?id=19327373974 "ICG bets on Gala Bingo with £155m loan")
In a sign that some private debt funds are underwriting bigger unitranche loans, ICG is the sole provider of £155 million in debt to Gala Bingo.
More and more investors are pursuing separately managed accounts with big brand private debt managers. But while the flexibility they offer is welcome, these accounts require strong governance. Anna Devine reports
Shoreline Capital is one of just a few investors in China specialising in NPLs. Co-founder Benjamin Fanger talks to Anna Devine about changes in the region and the firm’s oversubscribed third fund