Christopher Faille

The fund, which exceeded its $9.5bn equity target, has invested approximately $6bn in subordinated debt in 24 investments.

Fund's first close may be a sign that venture debt activity has survived the seizure of Silicon Valley Bank.

Turn to debt coincides with gain in favor among private assets generally.

Business development companies have become a popular way to access private market loans for retail investors in the US. But many are adopting niche approaches as they seek to stand out from the crowd

A survey by CAPX reveals lenders’ lack of consensus on the future

The outcome of the Silicon Valley Bank Financial Group’s bankruptcy litigation could drive more capital into the investment industry.

Allocators place it fourth out of seven alternative asset classes by a number of metrics.

The seized bank’s holding company may become the rope in a tug-of-war.

New fund ECO II, having invested more than $700m, closes at $1.05bn.

Distressed fund, launched in February, is part of the firm’s capital solutions series, source says.