Rachel McGovern
The New York-based direct lender teamed up with Webster Bank to refinance Rizing with senior credit lines.
The Spain and Portugal focused fund will lend to SMEs with revenues of between €50 million and €500 million.
The apparel company purchases by Altamont were backed by credit from FS Investment BDCs.
The pension fund is seeking RFPs from experienced credit managers and is open to a range of strategies.
Record number of deals signed by alternative lenders in third quarter, according to Deloitte.
Alternative lenders are moving into the least exciting end of credit markets: commercial finance. It’s an excellent move and shows that private debt can continue to disrupt and displace traditional banks.
The debt is structured as a seven-year senior secured bond.
The Swiss private markets investment manager’s eighth mezzanine fund is its largest to date.
The direct lender put up €92 million in blended financing to back the biotechnology investment.
Listed leveraged loan investment vehicle issues new shares for the fifth time this year.