Michael Haley
With high-yield bonds added, the leveraged finance market tops $3trn for the first time ever.
The vehicle attracted the commitments in less than three months.
The credit firm now has $15.4bn of investable capital following the raising of its fifth fund and parallel vehicles.
The fund is expected to close at $1.5bn before the end of year.
The second asset-based fund hit its hard cap, and surpassed its $500m target.
Carl Marks Advisors, the financial advisory group, believes companies will have to soon make changes to their loans.
The proposed allocation would be deployed via liquid, broadly syndicated loans.
The manager expects a final close of the special situations fund by 2022.
The country may be a relatively small private debt market, but the pandemic has been a game-changer in terms of its development. By Michael Haley
The country maintains a double A+ sovereign debt rating amidst a global pandemic, Credit Benchmark says.