Rachel McGovern
The UK-based SME lending platform is setting up its own dedicated investment trust and is in talks with the EIB about providing leverage for a slice of the underlying investments.
The Northern Irish Assembly committee investigating the $1.2bn sale of assets to Cerberus heard allegations that a corrupt payment was intended for the benefit of the First Minister, Peter Robinson.
The manager, which specialises in investments into financial businesses, is listing the new fund on the LSE following an aborted attempt to float in December 2014.
Debut vehicle Trifecta Venture Debt Fund I has raised just under half of its Rs500 crore
Apollo will invest up to 5 percent of the $6bn GSIF vehicle into credit on behalf of Oppenheimer.
Some have suggested that fundraising is slowing as a result of a fall of deal-making by private lenders. The figures don’t support that hypothesis.
Idinvest upped the size of the unitranche facility it originally arranged in March to just under €55m.
.jpg?id=12885382223 "Belgian MBO backed by unitranche deal")
The change of control hands a majority stake in the firm to France’s IDI and brings leverage to around 4x.
3i’s former group financial controller has joined private lender Park Square Capital as chief financial officer.
.jpg?id=19327353638 "New manager Crayhill looks to complex private debt")
The capital management firm is seeking to replicate the strategy of established names, Apollo and Fortress.