Oliver Smiddy
Panellists at an event chaired by S&P's on Thursday agreed the UK mid-market was failing to fully embrace alternative lenders.
.JPG "Avenue plans senior debt fund")
Marc Lasry's firm's new fund would supplement a $500m managed account agreed earlier this year to do deals in Europe.
.jpg "Study: Non-bank lending on the rise")
DC Advisory’s latest quarterly report paints an encouraging picture for private debt.
Whether it’s GE Capital and Ares, Avenue and JZ Capital Partners, or ICG and Nomura, joint ventures are proving popular with managers looking to tap new markets or build scale quickly.
The partnership will be seeded with ¥20bn of initial capital from the pair, as well as soliciting investment from institutional investors.
.JPG "Ares and GE agree €170m unitranche deal")
The pair’s joint venture has agreed its fourth deal, prodividing a unitranche package to Astorg-owned pharmaceutical group Ethypharm.
.jpg "Investec backs UK residential project")
The bank’s structured finance unit has underwritten senior debt for a 177-apartment complex outside London, UK.
.jpg "Carey Olsen bolsters corporate finance team")
Emma Russell joins from KWM SJ Berwin, and will be based in the firm’s London office.
There are plenty of warning signs, from frothy high yield markets to the proliferation of cov-lite structures. Yet these mask a new recognition that banks aren’t the most appropriate end holders of risk.
The firm, founded by former UBS leveraged finance head John Sinik and Barclays Capital executive Giovanni Miele, has completed its ninth deal in 18 months.