John Bakie
The US-based investor has hired Jean-Philippe Levilain to launch a European business as part of its global ambitions.
A worsening economic environment means private debt providers will need to be ready to take control of their portfolio companies.
The appointment will expand the firm’s performing credit team in Europe.
ICG has increased its focus on the German LP base after expanding its origination capabilities there in the summer.
Distressed debt fundraising is one of the most cyclically affected strategies in private credit, and in the first half of 2019 it was back with a vengeance, writes John Bakie.
The closed-ended vehicle will give retail investors access to a broad array of sub-investment grade credit in the US and Europe.
Hidden behind the headlines about trade wars, a lesser-known but equally troubling lack of finance could damage supply chains. With bank lending hit by regulators, can private debt firms be the answer? John Bakie investigates
The fund hopes to avoid slow origination through a deal with ING Bank.
The fund manager has significantly expanded its presence across Europe in anticipation of opportunities from banks deleveraging.
The consumer lending platform is launching its first closed-ended fund as part of its plans to grow its asset management business.