Rachel McGovern
The all-equity acquisition of a Western Chinese non-bank lender by NASDAQ-listed DT Asia Investments will mean the lender, renamed China Direct Lending Corporation, will be listed in the US.
The new SBIC vehicle raised $270m including $120m in investor commitments and could bring in more capital before formally closing.
.jpg?id=12885345128 "Kaisa seeks to tempt creditors with fees")
The Chinese real estate developer, which is seeking to restructure its large debt pile, has offered lenders 1 percent of what they are owed upfront if they sign the restructuring deal within the next two weeks.
The life sciences group replaced its German bank lender with a unitranche facility provided by London-based debt fund manager Alcentra.
The race for top spot remains close in almost every one of our 50-plus categories, with Newcomer of the Year one of the tightest.
The UK-focused real estate debt fund is already around 50 percent invested into nine transactions and secured against 25 property assets.
There are just two days left to vote for the best private debt managers, advisors and investors of 2015.
London-based David Abrams will use his distressed debt experience to source opportunities in Europe and the emerging markets as well as drive the expansion of the firm’s credit business.
The sale comes more than two years after the Dutch bank decided to run-off the portfolio of asset-backed loans and had awarded the servicing contract to London-based LCM Partners.
.jpg?id=19327367645 "Beechbrook reaches first close on debut SME credit fund")
The firm’s new UK sponsorless lending strategy has raised more than half of its £200m target.