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Axa IM Novalto_CLO Credit Fund focuses on investing in mezzanine debt tranches of CLOs. A pension fund has already committed $50m.
The private investment arm of the World Bank has invested in Gulf Capital’s second private debt fund that targets SMEs based in the Middle East and Northern Africa.
The private equity firm attracted investments from a number of large US pension funds for its third credit opportunities fund, which targets the European consumer, SME and mortgage markets.
The spectre of a European-wide legal framework is haunting the private debt fund market. But what the proposed regulations will look like is far from clear.
Traditional banks account for the majority of lending to SMEs in the UK, but Keith Morgan wants to provide a greater choice for the lower and mid-market.
The unitranche package backs Group Legris’s acquisition of Schiederwerk.
The latest injection of capital will allow Step One Finance to expand its operations in the UK second-charge mortgage market.
Deloitte’s latest report shows that while MPLs are more than just a temporary phenomenon, their threat to traditional bank lending is limited.
.jpg?id=12885347037 "ICG hits record AUM total")
The firm raised €5.2bn in the last financial year – the majority from its established direct lending and European mezz vehicles - raising its total AUM to €21.6bn. But the firm faced challenges raising capital for its CLO and Asia-Pacific funds.
.jpg?id=19327357040 "UK SMEs set to benefit from launch of Help To Grow")
The first phase of the British Business’s Bank two-year plan to invest £200m in UK SMEs by 2018 has begun today.