Rachel McGovern
The Irish bad bank appointed the commercial real estate broker and consultant to advise on structuring portolios of assets from a bundle of €8 billion par value loans.
We're still thinking about those headline-grabbing energy sector losses this week, not least because struggling credit strategies are being attributed to the drop in oil prices. But it's not as simple as that.
.jpg?id=12885345338 "European private placement guide launched")
The document aims to support the development of a distinct European private placement market by defining and advising on how to access the alternative financing on offer.
.jpg?id=12885364786 "BlueBay eyeing first close on Direct Lending Fund II")
The London-based asset manager is moving towards a first close on its €1 billion direct lending successor fund.
Finance providers will be invited to submit responses to a request for proposals next month as the UK prime minister pledges state support for lending to high-growth business.
Poor performance in its distressed strategies in 2014 has not put Oaktree off and the firm is days from the first close of its $10 billion new distressed funds, Opportunities X and Xb.
Ex-Citi and Apax co-founders of Tomorrow Partners hire Gleacher Shacklock’s head of debt advisory as partner.
The BDC, which has been winding down its assets, announced that was exploring options to maximise shareholder value, including a sale.
The Chinese property developer narrowly avoided default on its offshore debt following a purchase offer by Sunac China Holdings.
Nobody wants to concentrate on the bad deals, but private credit funds need to be open and clear about default rates if they are to become a credible and long-term part of the financing markets.