John Bakie
Fees for offshore vehicles and a range of hidden costs are causing a returns disparity for non-US investors in US funds.
The CLO was oversubscribed and raised capital from European and Asian institutions.
The fund is the latest in a string of vehicles with more than €1 billion to deploy in the European mid-market.
Growing levels of corporate debt, particularly leveraged loans, may leave firms vulnerable in the next economic downturn.
The fund will look at special situations and opportunistic credit to help investors generate returns through the credit cycle.
An oversubscribed fundraising for its fourth direct lending fund has pushed Tikehau’s assets under management to new records.
The fund is the latest mega-vehicle to close this year and will focus on sponsored opportunities in the European mid-market.
The firm’s first Irish fund will operate out of Cork and Dublin to back high-growth companies in the country’s regions.
The appointment will aid founder George Hicks’ shift to the executive chair role in 2022.
LIBOR has underpinned financial products for decades. But it could be phased out in less than three years, with huge implications for private debt lenders.