Nathan Williams
The move will simplify tax reporting requirements and could see it list on other stock exchanges and further boost its investor base.
Earlier this month Lynn Tilton, the founder of distressed private equity firm Patriarch Partners placed three CLO funds she managed – Zohar I, II and III – into bankruptcy in an attempt to bring a fifteen year saga, replete with numerous legal battles, to an end.
Earlier this month Lynn Tilton, the founder of distressed private equity firm Patriarch Partners placed three CLO funds she managed – Zohar I, II and III – into bankruptcy in an attempt to bring a fifteen year saga, replete with numerous legal battles, to an end.
Pharming wanted to buy back the rights to its own drug, but didn’t have the backing to pull it off. Kreos Capital had a remedy, writes Nathan Williams
Secondaries investors have turned to investing in credit funds as they seek to shield themselves from an expected drop in the equity markets.
The stakes include up to $10m in secondaries funds in addition to buyout, credit and real estate fund interests.
After less than a year on the market, Kline Hill has closed its fund, which targets stakes in private credit funds.