Magda Ali
.jpg "Oaktree mulls European direct lending fund")
Distressed debt investment specialist Oaktree Capital Management is set to launch a European-focused direct lending fund to capitalise on dislocation in the continent’s credit markets.
.jpg "Ex-3i buyout team launches private debt firm")
The former head of 3i’s buyout division and the founder of 3i Debt Management have secured FSA approval this month for the launch of a private debt manager, dubbed Spire Partners.
Fernando Salazar has joined real estate-focused investment banking firm The Carlton Group to lead the bank’s new Frankfurt office.
.jpg "Cairn Capital set to unveil rare European CLO")
Cairn Capital is set to launch only the third CLO fund marketed to European institutional investors since 2008 in what could be a test case for the industry.
(1).jpg "Access secures first commitment for second fund of debt funds")
The Paris-based manager’s second fund of debt funds is targeting €250 million and will have a broader remit than its mezzanine-focused predecessor.
.bmp "European regulators to reassess CLO rules")
Market participants are urging European regulators to reassess CLO rules, which they believe have barred new CLOs being raised since the credit crisis.
.jpg "Increased liquidity foils European distressed investors")
The volume of non-bank lending into Europe has been described as “extraordinary” in a recent report gauging attitudes towards the European distressed debt space, which suffered a difficult year as the expected wave of restructurings failed to materialise.
A rush to invest remaining CLO capital and improved leveraged loan markets will aid buyout activity in the first half of 2012, predicts debt advisory group Marlborough Partners in its latest report.
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European mezzanine loan issuance increased 30 percent to €1.3 billion in 2012, although senior debt remained the instrument of choice for most types of private equity deals, according to research by investment bank Baird.