Oliver Smiddy
.JPG "Praesidian doubles up with pharma deal")
The mezzanine firm’s second investment in Meta Pharmaceutical Services brings its exposure to $14m.
.jpg "Torchlight makes mezz investment in office portfolio")
Torchlight Investors has provided an $11m mezzanine loan facility to underpin the acquisition of an office portfolio in New York state.
.jpg "Metric seals eighth deal")
The firm has backed Nordic lingerie retailer Change of Scandinavia using capital from its first fund.
.jpg "Marlborough expands into Germany with senior hire")
The debt advisory firm has opened its first office outside the UK and has appointed the former director of 3i’s banking team to lead it.
Just too late for the latest issue of Private Debt Investor, which incidentally features a special feature on infrastructure debt, comes the news today that Hadrian’s Wall is to wind up.
.jpg "Idinvest beats target to close on €281m for senior debt fund")
The fund comfortably exceeded its target of €250m thanks to strong investor demand.
From the trading floor of Japanese bank Mizuho to chief executive of one of Europe’s largest private debt firms, Jeremy Ghose has come a long way. He sits down with Oliver Smiddy to explain the firm’s plans to develop 3iDM into a global heavyweight.
Dennis Levine will helm the asset manager’s new credit arm and is joined by JPMorgan’s Peter Jaffe.
French asset management group Tikehau this week announced it had bought a 35 percent stake in Duke Street Capital. The move raised eyebrows at first at Private Debt Investor HQ, as Tikehau has a well-established private debt arm. Did this mean Duke Street, which switched to a deal-by-deal funding model last year, would solve its debt funding riddle? One concern with a deal-by-deal model is that wedded to the time it takes to put together a debt financing package, you also have to pull together an equity syndicate too. Would Tikehau Investment Management (the French group's debt segment) get first refusal on a string of Duke Street buyouts?
CVC’s debt arm, led by Marc Boughton, has successfully raised one of the biggest listed alternatives vehicles since the economic crisis.