Sam Sutton
Blackstone’s Tactical Opportunities platform invests across the firm’s credit, real estate, private equity and hedge platforms.
The $13.5 billion retirement system has committed $274.7m to distressed debt funds since 1995.
The firm also plans to bring new mezzanine and special situations funds to market in the near future, says Scott Nuttall.
Fifth Street Management’s BDCs exited a combined $235m during the quarter.
A $55m redevelopment will restore a Charleston, South Carolina property known as ‘The Cigar Factory’.
The firm hopes to raise between $237.5m and $294.5m in its IPO.
The firm specialises in providing mezzanine and equity capital to lower mid-market companies.
The $30.6bn retirement system will not incur a penalty for winding down its account with Guggenheim.
The $30.6bn retirement system’s private equity portfolio includes commitments to mezzanine and distressed debt.
The company exchanged $460m in senior secured notes last year.