John Bakie
Five London pension funds are to commit about 5% of their assets to private debt.
The support for WHP’s buyout follows a deal to refinance the business last year.
Gordon Watters will bring 30 years’ experience to Triton’s debt investment arm.
The deal will enable the wealth manager’s employees and management to buy back a minority stake in the company.
The appointment of Adam Johnson to work alongside MidCap follows Apollo’s commitment to grow its credit business.
Increased investment in distressed debt funds could be signs of a troublesome economic environment ahead.
The new law doubles the amount of leverage BDCs can use.
The Merrill Lynch veteran brings 30 years of experience to Star Mountain’s investment committee.
The joint venture will look to provide debt finance to emerging markets financial technology specialists.
Fund managers, businesses and investors are more positive about 2018’s prospects for LBOs.