Rachel McGovern
ICG showed it was a 'tier one' player with a string of wins.
It was a record year for European private debt funds with more (and bigger) deals than ever before.
The Spanish-focused SME lender will make long-term loans to growing companies and has the backing of the European Investment Fund.
Managers who aren’t worried about the UK’s exit from the EU should be – it could seriously undermine the progress made by Europe’s private debt industry.
The alternative asset manager is still tendering for $100 million in shares and management declined to say if they would follow up a recent share repurchase with further buybacks.
The credit firm and Arrium have agreed an exclusivity period after GSO offered to pour almost $1 billion into the miner.
The facility refinances and increases the security servicing and installation firm’s debt, replacing old senior and mezz lines with an extendable unitranche deal and revolving working capital line.
The hedge fund and alternative investment manager is reportedly seeking investors for a vehicle with a $1.5 billion target.
Should alternative asset managers be taking short-term action to convince shareholders that it’s worth it in the long run? Surely balance sheet cash could find a better home than in an asset manager’s own equity.
The NASDAQ-listed alternatives manager reported negative ENI for the year in its credit-focused global market strategies division and joined a number of other listed alternative investment managers by announcing a $200m repurchase programme.