Chris Janiec
The US listed alternative asset manager said matching previous returns from its credit funds is not possible in the current environment.
.jpg?id=19327353310 "Victory Park increases support to marketplace lender")
The Chicago – based mid-market lender had added an additional $100m to an existing credit facility for Elevate. The new capital brings the size of the facility to $545m as the online lender prepares to go public early next year.
Hedge fund and commodity fund losses challenged Carlyle’s Global Market Strategies platform in the second quarter and have prompted a review of its strategy, according to executives on the firm’s quarterly conference call.
.jpg?id=12885368223 "KKR’s credit funds show mixed results")
The alternative investment firm’s various debt funds revealed performance of zero to 9% in the second quarter.
.jpg?id=19327362746 "GE execs hail Capital unit divestiture progress")
Asset sales to date from GE Capital total $168 billion, with deals for an additional $15 billion in assets expected to be signed during the third quarter.
Lazard has added Christopher Mulshine to its private capital advisory group unit.
The $2.9b pension has committed $20m to the second private credit fund from Monroe, a Chicago-based mid-market lender.
.jpg "TCP supports distressed energy-technology company")
The Los Angeles-based mid-market lender has provided $25m in rescue financing to Enphase Energy.
Longtime BlackRock executive Patrick Dunne will join the marketplace lender as chief capital officer as part of an effort to improve investor confidence following the May departure of the firm's founder and CEO.
Approval of Venoco’s restructuring plan has left two of the company’s creditors as majority owners.