Anna Devine
One month after a new bond platform debuted in the UK, another peer-to-peer lender has been busily matching investors with borrowers. Anna Devine reports.
The asset manager’s infrastructure subsidiary provided a $50m multi-draw loan to Rockland Capital.
The French-based asset manager, founded by Antoine Flamarion (pictured) and Mathieu Chabran, has hired Debra Anderson to help with the expansion of its credit business in Europe.
S&P figures for both Europe and the US show leverage multiples are creeping back up to pre-crisis levels.
The corporate credit specialist has raised €156 million for an Italy-focused debt fund and expects a further close this year, potentially on double that amount.
The UK peer-to-peer lender has hired Simon Eagles from Monument Securities to be head of lending.
The US-based private equity firm has seen off bids from at least four other suitors offering around €1 billion for the €1.8 billion book.
The French cable company set a record for the biggest high yield bond issue, which together with a loan package and another bond issued by parent company Altice, raised around €15.8bn.
The Los Angeles-headquartered credit specialist is set to hold a first close on €250m for its first dedicated European fund imminently, as it eyes a €500m target.
Rabobank subsidiary has spent €68.7 million on its first three buys for student housing debt fund.