Rachel McGovern
It’s not yet clear if the leveraged finance market will continue to stutter or if it’s just taking time for bank lenders and high-yield investors to return to business as usual. In the meantime, private debt managers are making hay.
.jpg?id=19327367097 "Pemberton prepping two new strategies – exclusive")
The London-based direct lending firm is seeking to expand its offering to investors into both subordinated and higher grade debt opportunities.
The growth capital debt fund beat its €350m target to close on the hard-cap with around 20 investors.
Nicholas Bamber, who joins from RBS, will initially concentrate on European private placements but ultimately has a much wider remit in his newly created role as head of private assets.
.jpg?id=19327366651 "Muzinich reaches £185m first close on UK fund")
The lower mid-market lender is targeting £350m for the debut UK vehicle and has brought in more than half its target.
The asset management investment firm is set to take a 60 percent stake in Capital Four, a Copenhagen-based high yield investment specialist.
The lenders took equal shares of the less than £60m financing package, which included a working capital line as well as acquisition financing for the purchase of EnServe by Rubicon and Grovepoint.
From more growth and more failures to the implications of an unpredictable superpower, PDI considers what lies in store for the year ahead.
NASDAQ-listed Accuray has avoided diluting its equity base by refinancing convertible notes with a senior secured term loan granted by Cerberus.
%2080.jpg?id=19327362145 "MV Credit fully deploys senior account – exclusive")
The recently rebranded debt manager is set to follow up the separately managed account with a commingled fund that will launch later this year.