Rachel McGovern
While the GE Antares business has potential bidders lining up, suitors of GE Capital’s European leveraged finance operation will want to buy the €6 billion loan portfolio rather than the business itself.
The employees of GE’s finance unit look set to lose out as potential buyers are in it for the assets, sources say.
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The firm, which started lending operations in July last year, is sounding out investors for its first fund.
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High yield portfolio manager, Andre Mazzella, has left the London-based firm.
The UK-focused short-term real estate lender has already fully deployed the money raised and anticipates meeting its target later this year.
The Middle East and North Africa-focused illiquid investor will officially launch its second mezzanine vehicle later this year.
ICG has added a lot of strings to its bow over the last few years. Rachel McGovern asks the firm about its future plans and the wider credit markets.
The Swiss firm’s new resource allows investors to compare the relative value offered by 30 different debt strategies.
We won’t know the resilience of the private credit space until the next financial crisis hits. When it comes, the reputation of the entire industry will be at stake.
The listed UK real estate debt fund managed by ICG-Longbow overcame rising competition in the UK commercial real estate debt markets to meet its dividend target for the year.