Magda Ali
.bmp "Praesidian reaches chequered flag")
The private debt fund manager has successfully exited a $7.6 million senior debt investment in indoor go-kart racing operator K1 Speed.
Two BDCs managed by Gladstone Capital have jointly provided a mezzanine term loan to fund Fundamental Capital’s acquisition of pop-culture collectibles firm Funko in the US.
/June/News/Students80.jpg "Unite Group unveils USAF debt platform")
UK-based Unite UK Student Accommodation Fund (USAF) is to refinance its debt after its parent established a new entity that will shortly issue a bond.
/June/News/mg80.jpg "Five minutes with Mounir Guen")
The cyclicality of the debt markets is making it difficult for placement agents to market debt funds, according to MVision chief executive Mounir Guen.
According to market participants, the UK government’s Funding for Lending scheme will either be negligibly small or dangerously large. But it’s certainly no magic wand.
A scarcity of funding options for SMEs is driving demand for debt products in MENA, but can the likes of Gulf Capital successfully replicate a private debt template in the region, asks Magda Ali?
The perils of over-leveraging a business are well understood. Klöckner Pentaplast’s acquisition by Blackstone in 2007 was a boom era deal that finally went bust last year. Magda Ali examines how canny private debt investors including Victor Khosla's Strategic Value Partners, made a killing by picking up the pieces.
The firm has provided a mezzanine loan of $2m to water heating company Skyline Innovations.
/May/News/Nick%20Cavalla80.jpg "Five minutes with Nick Cavalla")
An increasing number of LPs are boosting allocations to debt. Nick Cavalla, chief investment officer for The University of Cambridge Endowment Fund, explains why his fund is one of them.
/May/News/1282b0f.jpg "Enterprise hires mezz head")
Boutique microfinance provider Enterprise Ventures has appointed former Bank of Scotland executive Steward McCombe as head of its new £15m mezzanine fund.