John Bakie
The business, which spun out of AnaCap last year has made its first major appointments as an independent fund manager.
Houlihan Lokey’s latest MidCapMonitor provides further evidence that market conditions are becoming more challenging for debt funds.
The fund received backing from InterVest Capital to provide finance solutions for UK businesses in complex situations.
The vehicle will be structured as an LTAF and offer DC pension members access to assets including private credit and private equity.
Last week’s PDI Europe Summit highlighted opportunities from repricing, more flexible structures and the tricky art of pricing ESG.
The fundraising landscape in Q1 was dominated by a small number of very large funds.
While private debt has performed well so far, LPs want managers to maintain a solid risk-return profile.
The fund will enable existing portfolio companies to access further capital for growth.
If you’re a large manager with freshly raised capital, you may be poised to prosper. For others, things could be about to get more challenging. PDI examines the landscape for private debt following the recent banking woes.
The third generation fund will focus on senior financings for non-sponsored businesses across Western Europe.