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Investec has added to its corporate lending division and may make more hires over the coming six to nine months.
Funds engaging in sponsorless lending often point to more legwork as a way of justifying higher fees for a higher-risk product. However, the situation is not always straightforward.
The firm’s latest senior debt fund has slightly outraised its predecessor.
The firm has led a unitranche financing of a publicly-listed UK-based loan provider.
The debt manager has provided a facility allowing for a minority stake to be taken in UK-based research firm Third Bridge.
The insurance company has made its latest investment in social housing, providing a refinancing facility organised into three tranches.
The firm announced a successful share capital increase this week and will now look to introduce new fund products – two of which concern debt investments.
The firm is the latest debt provider to look to the healthcare sector for financing opportunities.
As funds look to diversify their investor base, every type of institutional investor can be an option – no matter how unusual they may seem.
The transaction follows a similar recent deal from the firm.