david.b@peimedia.com
The French asset management firm has joined with Sofiprotéol to target investments in the agricultural industry. The fund is expected to raise €200m in capital and typical deal sizes will range between €5m and €10m as the firm targets an IRR of 4.5%.
Lending Works is targeting further expansion following a £2m investment from private equity group NVM.
The investment bank has added Zaman Khan and Christina Scharf to its illiquid financial practice.
While a number of open-ended real estate funds suspended trading following investors’ retreat, institutional investors have adopted a more cautious stance as the implications of Brexit become clear.
Ovamba finalises two partnerships with international funds as it looks to provide capital to SMEs based in Cameroon.
Chris Birt will join from Lloyds, where he led the bank’s leveraged finance team. He will start working at Cordet in September.
Niels Bodenheim joins after spending 14 years at GE Capital and will contribute to the firm’s expansion in providing advice to investors on private debt strategies.
Jean Pierre Mustier will take over from Federico Ghizzoni as the chief executive of the Italian bank.
The accountancy firm’s latest Alternative Lender Deal Tracker notes that debt funds operating with flexible mandates can seize on complex deal structures that banks retreat from as a result of uncertainty created by Brexit.
The UK’s vote to leave the EU last week has sent shockwaves across the world. And while it is still too early to tell what the implications will be, some in the private debt space are seeing opportunities.