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Many distressed investors are ignoring Greece in favour of Italy amid claims of unwieldy processes and the lack of an efficient servicing market.
Last year’s €16bn raised in CLOs is expected to be equalled this year as AAA liability spreads continue to tighten.
Property firm Wheatley Group will provide 3,500 new homes in Scotland following backing by BlackRock’s Real Assets arm.
Total leveraged loan totals reached €50.8bn in Q1, according to an AFME report, with the majority taking a first lien position.
Retreating banks usually herald lucrative prospects for private debt funds, but, in one country, managers aren’t quite so optimistic, David Brooke writes.
As the late stage of the credit cycle approaches, many debt fund managers are expanding their restructuring teams. Andre Hesselmann, founder of Yielco, tells David Brooke it’s also time for investors to start preparing for the worst.
The firm has attracted commitments from institutional investors based in Europe, the Middle East and Asia.
A unitranche package supports Portobello’s acquisition of a majority stake in the car rental company as it continues to expand its presence in the Spanish market.
The UK firm has appointed David Walsh from the Bank of Ireland to review the possibility of launching into the asset class.
Eric Capp joins the UK mid-market lender as a partner from RBS.