PDI Staff Writer
The combined vehicle will trade on the New York Stock Exchange under the ticker FSK and is now the second largest publicly-traded BDC.
Moab Capital Partners joins two other shareholders that have come out publicly against the deal, meaning that approximately 9% of the total shares stand in opposition to the transaction.
Without data standards, LPs are finding themselves spending extra time on data deciphering and organisation.
The credit opportunities vehicle has a little over $100m to fundraise before hitting its $750m target.
The origination of Guggenheim Credit Income Fund 2019 begins a new offering period for the BDC that will run through 2020.
The pension fund plans to deplete its debt allocation to zero and raise its emerging markets debt allocation to 4%.
The vehicle had a successful shareholder vote to increase its debt-to-equity leverage from 1:1 to 2:1.
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When a private credit manager is the lead arranger in a transaction, it gives the firm a level of control and compensation it would otherwise not receive, Garrett Ryan, a partner and head of capital markets at Twin Brook Capital Partners, says.