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The firm has appointed Brian Marshall from GoldenTree Asset Management to support the firm’s development of new financial products in the US.
The firm is also targeting opportunities in Africa and eyeing up an IRR of 15-18 percent.
The close follows the departure of COO Joseph Brucchieri, who was recently replaced by Adrian Croxson, the firm’s head of European equities.
The French asset manager has raised €240m at first close and is expected to reach a second close in the first half of 2017.
The US firm has supported Dentix’s international push with the facility and signals a growing trend of debt funds looking to finance sponsorless transactions.
The sale of the underperforming assets is part of former Tikehau partner turned UniCredit CEO Jean-Pierre Mustier’s plan to streamline the bank’s operations and deleverage its non-core portfolio.
Over a two-year period, TowerBrook will purchase $180m of loans originated by ApplePie, a lender supporting franchises looking to expand with loans upwards of $100,000.
Two new senior hires to the firm’s real estate debt platform is part of its long-term plan to return to profitability in the new year.
A wave of political shocks and relatively slow fundraising have made 2016 a challenge for the asset class, but notable industry achievements and increasing investor awareness point to its growing maturity.
The Italian debt investment firm is aiming to raise €300m overall and has attracted the interest of the Italian Investment Fund.