John Bakie
With the mid-market looking increasingly crowded, fund managers seeking improved returns are turning to speciality finance.
Tony Ressler will take up the role of chairman as Ares brings in younger debt specialist for the top job.
Despite major fundraising this year, 2016 vintages continue to dominate our European fundraising top 10.
The fund manager founded last year has now made its first two deals with private equity sponsors.
The past two years have been turbulent for real estate debt fundraising.
The French firm beat its €750 million target in nine months and has already begun deploying capital.
The deal will give Hayfin a footprint in the US market and provide CLO specialist Kingsland with a capital partner for new issuance.
Aircraft debt arm will provide senior, mezzanine and unitranche aviation finance.
UK and US fund managers are dominant forces in European private debt but Brexit may shift the balance of power.
FS Investments has struck new deals to advise its BDCs while GSO goes its own way with a new direct lending proposition.