Magda Ali

The real estate debt arm of Intermediate Capital Group (ICG) is poised to close its third real estate debt fund at its £700m hard cap.

The Florida-headquartered private debt firm, led by Todd Billings, is nearing a final close for its fourth fund.   

The European Investment fund and the UK’s Business Finance Partnership made cornerstone commitments totalling €40m to Beechbrook’s fund.

A widening range of provisions for bad loans coupled with a low level of realisations hurt ICG’s full-year profit performance, but it was a record year for fundraising and AUM growth.

Jun Park has joined Highland Capital’s Korea office to help develop the firm’s operations in Asia.

The fund, with an investor base of more than 35 institutions, will invest in a diversified pool of income-generating healthcare firms.

Bond broker Cantor Fitzgerald has continued to expand its CLO and structured credit team with three senior hires, including ex-Investec senior banker Jason Eppleston (pictured).

The wide range of options are making refinancing deals easier than ever to complete, according to a Debtwire report gauging attitudes towards the European refinancing market.

Paris-headquartered Idinvest Partners, led by Christophe Bavière, (pictured) is en route to exceed its €250m goal. 

Industrial packaging manufacturer Mauser received €580m in senior debt, along with €115m in revolving credit and acquisition facilities.