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MBK Partners garners $850m for its first special situations fund

The buyout shop was looking to raise $750m-$1bn for the vehicle and is targeting returns from 20-25%

Ninepoint Partners and Monroe Capital launch joint fund

The vehicle will help bring Monroe’s US mid-market strategies to a group of Canadian investors looking to access that strategy.

Dignari holds final close of second China credit fund on $626m

The fund has already deployed more than $300 million and wants to focus on providing downside protection in an uncertain environment

Alcentra BDC puts itself on the block

The New York-based US direct lending arm of Alcentra has hired Houlihan Lokey to lead a review process to evaluate strategic alternatives for the business development company.

Tikehau adds Nomura vet, Citigroup fundraiser to senior ranks

Paris-based Tikehau has set targets to substantially boost its assets under management and the operating profits of its asset management arm by 2022.

The GPs that want to see you in court

For distressed debt firms concerned about a lack of dealflow, there’s a simple solution: do litigation funding instead.

First close on Searchlight distressed fund likely to exceed $1.94bn predecessor – exclusive

The firm is targeting a 20-30% internal rate of return and 2x-3x multiple on capital, according to Pennsylvania pension fund documents.

Madison Realty garners $1.15bn for Debt Fund IV – exclusive

New York-based firm secures its first Asian institutional capital, exceeding hard-cap of $1bn

NexPoint offers $25m in cash, $50m in share purchases in latest MCC bid

NexPoint Advisors has sweetened its bid for Medley Capital Corporation (MCC) by upping its cash compensation and the amount of MCC stock it pledges to purchase should it ultimately acquire the beleaguered business development company. Dallas-based NexPoint Advisors, an affiliate of Highland Capital Management, has said it will provide a $25 million cash payment, up […]

Muzinich & Co launches ELTIF vehicle aimed at retail investors

The European long-term investment fund will offer income investors access to liquid and private debt opportunities.

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