Oliver Smiddy

ICG’s listed real estate debt investment subsidiary has appointed Jack Perry as chairman of its new UK-focused investment vehicle.

Almost 200 private debt funds are chasing combined commitments of $124 billion, according to PEI research, as managers look to exploit credit opportunities created by banks’ partial retreat from the market.

Metric Capital Partners has put together a high-powered team from the private equity world to try and tap into credit opportunities in the European mid-market. By Oliver Smiddy

After turning down an offer reportedly worth £520m in the summer, Montagu and GIP are set to cede control of Biffa to a quartet of senior lenders.

Following a restructuring, Threadneedle Investments has bolstered its emerging markets debt capabilities by hiring John Peta from Acadian Asset Management.

Managing director Olivier Berment will lead the French group’s private debt business alongside Cécile Mayer-Lévi.

The Carlyle Group has closed its third new-issue CLO fund of the last 12 months as its ‘Global Market Strategies’ platform continues to expand.

Having made two investments earlier this month, private debt fund manager Metric Capital Partners is preparing to close a trio of deals as appetite for new sources of capital grows.

Goldman Sachs and two US hedge funds have won control of UK hotel chain Travelodge after agreeing to write off £235 million of debt and inject £75 million of new equity.

3i Group has continued the build-out of its debt management arm having signed a joint venture with US-based WCAS Fraser Sullivan Investment Management which gives it access to the North American market.