Rachel McGovern
The New York-based private equity firm will absorb the funds and platform of the New York-based private investment firm, led by former Goldman executive Mark McGoldrick.
The majority of capital in the new fund, which was launched in May 2014, was raised from existing investors’ of the Nordic-focused lender.
The convertible loan facility is in support of downstream petrochemical projects controlled by Egypt’s Carbon Holdings.
The London-headquartered firm reported record fundraising of €6.4 billion for the 12 months ending 31 March 2015.
The London-based retail specialist is seeking to build a specialist direct lending platform, said chief executive, Gavin George.
3i’s credit business is growing rapidly, and will face its first big test in the next downturn. The same is true for the private debt industry as a whole.
The newly listed BDC will pay a second quarter dividend of $0.45 per share.
The asset manager’s third party private equity assets under management fell as the firm had a strong year of realisations while future growth is will be focused on the debt and infrastructure strategies.
The distressed credit vehicle has reached its final close.
The firm reported an all-time high for assets under management which stood at $69.9 billion at the end of March.