PDI Staff Writer
This is the firm’s fourth hire for the healthcare team in the last two months, while it also recently opened an office in Chicago to assist with the strategy.
The vehicle easily surpassed its $800m target and $1bn hard-cap and will focus on loans to the North American mid-market.
The firm has hired a Blackstone GSO alumnus to head growth of the branch, with which it hopes to expand its debt offerings.
Hayfin’s Andrew McCullagh says debt investors won’t be able to grow their deal flow unless they invest.
The $20m fund will make former employees who meet a defined set of criteria eligible to receive compensation.
The firm is raising its second real estate debt fund less than a year after closing its first, and won’t be collecting management or performance fees.
The vehicle is targeting C$200m and will invest primarily in industrials, energy and real estate.
The Helena-based limited partner currently has $268 million invested in energy-focused funds, but none are debt-focused.
The firm hired two people from EquiTrust Life Insurance to start the firm’s expansion into investment options curated for insurance companies.
Developing an expertise can help a firm limit competition for dealflow and land a place on the private equity community’s lender speed dial, according to Twin Brook co-managing partner Trevor Clark.