Anna Devine
.png "PDI Anniversary: Bank and funds warm to each other")
In an event to celebrate Private Debt Investor's 1st anniversary, hosted by RBS in London, panellists agreed that the relationship between banks and private debt fund managers had warmed significantly over the last year.
.jpg "Exclusive: HEGCF holds second close at €93m")
The European growth debt fund, managed by the US-based Harbert Management Corporation and chaired by Raymond Harbert (pictured), has reached almost half of its €200m target.
.jpg "Relative value gap narrows between US and Europe")
Yields in the European leveraged loan market fell below equivalent US figures, according to a Marlborough Partners report, citing S&P Capital IQ LCD data.
.jpg "R&R Ice Cream refinances with HY")
The UK-headquartered ice cream manufacturer has tapped the high yield market for a second time in just over a year.
US-listed BDC Prospect Capital provides a $61m debt and equity package to oil and gas firm Arctic Energy Services.
From a borrower’s point of view, life looks rosy at the moment.
.jpg "White Oak boosts origination team")
Speciality lender White Oak has hired Allan Marzen to originate and underwrite new deals.
(1).jpg "LaSalle fund increased to £440m")
A second tranche of commitments worth £202m takes total capital committed to £440m.
.jpg "LaSalle fund topped up to £440m")
A second tranche of commitments worth £202m takes total capital committed to £440m.
Cheap, abundant debt gave the “Golden Age of buyouts” its sheen, but the crisis recalibrated the market. Recent deals however suggest leverage is an increasingly important element of large LBOs, writes Anna Devine.