david.b@peimedia.com
Where does a stretched senior product end and unitranche loan begin? As competition in the senior debt market heats up, the distinctions are becoming increasingly blurred.
The firm reported that $100m in unscheduled prepayments in addition to one loan placed on non-accrual status hurt core yields in the first quarter.
.jpg?id=19327379158 "Kartesia invests €25m in Spanish software company")
The investment in Vet+a is a convertible loan that will assist with the company’s international growth long term.
The firm is looking to expand its investment range by moving to a structure that is common across BDCs.
.jpg "LCM acquires €113m mortgage loan book – exclusive")
The real estate loan book covers properties in Germany and is a mixture of both performing and non-performing assets.
.jpg?id=12885366673 "TRSL commits $50m to Apollo’s Euro strategy – exclusive")
The $17bn US pension fund has followed up a previous commitment of $50m to Apollo’s strategy that targets distressed debt investments across Europe.
The French private debt market isn’t trying to evict banks, but is going after a distinct part of the market, writes David Brooke.
Attracting institutional capital to the marketplace lending sector is now the key strategy for many experienced players, and one firm has found a creative solution. David Brooke reports.
Peter Lockhead joins from Avenue Capital, where he has headed up the firm’s direct lending team since 2012.
James Costos served as the US ambassador for Spain during Barack Obama’s second presidential term and has now joined the advisory board of Incus Capital.