.jpg?id=12885377095 "Study: Private debt managers raise $41.59 billion in 1H15")
Rachel McGovern
The London-based credit manager has hired L&G’s head of fixed income distribution.
The London-based credit provider has snapped up mid-market leveraged finance expert Chris Fowler.
Study by PDI Research & Analytics reveals 390 funds are seeking almost $200bn, with the largest vehicles targeting distressed debt.
The deal increases and refinances the borrower’s existing multi-tranche debt facility with a one-stop or unitranche loan.
The European unit of US-based Praesidian Capital has carried out five deals over the last ten months, mostly for non-sponsored borrowers.
The Swiss-based real estate investor and corporate debt provider is leveraging its existing skill set to move into commercial real estate lending.
The aviation and equipment-focused business lending platform is seeking to support its primary dealflow with secondary liquidity.
As Chrysalis Capital starts to invest the money raised in its two other active investment strategies it is now searching for backers for its debut commercial real estate vehicle.
Alternatives distributor and fund manager Dexion Capital sold to expanding Australian funds manager Fidante Partners.