It's Going To Get Harder For Australia Pensions To Make Money
Australia’s pension funds will be forced to push more money into less traditional assets -- such as apartment developments and even direct lending to companies -- after the strong recent performance of equities and fixed-income left valuations lofty in public markets.
THL Credit Advisors Raises $511M For Third Direct Lending Fund
The credit investment arm of private equity company Thomas H. Lee Partners has raised $511 million for its third direct lending fund reportedly aimed at mid-sized private companies in healthcare, financial services and software. The new fund from THL Credit Advisors LLC was oversubscribed and closed above its target, the company said in a statement. The firm's lower middle market direct origination platform offers vertical specialization and synergies with its tradable credit platform and private equity parent. "The successful close of this fund is an acknowledgement of our experience as a leading, specialized lender in the lower middle market and...
FS Investments Closes On Over $1.4B Of Middle Market Commitments In Q1
FS Investments, a leading alternative investment manager and the largest manager of business development companies (BDCs), announced that its BDC direct lending platform committed more than <span class="xn-money">$1.4 billion</span> in senior secured loans and other debt and equity financing to middle market companies in the first quarter of 2017. The directly originated investments supported seven new portfolio companies and provided financing to several existing portfolio companies during the quarter.
Why Infrastructure Investing Is Proving Popular With Investors
Infrastructure has become a key area of focus for institutional investors as they look to diversify their fixed income portfolios to access longer term, resilient credit opportunities for income-like returns. Within this asset class, infrastructure debt is on the rise as investment managers look to construct new debt vehicles: either to provide direct lending to infrastructure operators, to access well-established municipal bond markets, or to structure their own private lending programs by issuing tranches of unlisted bonds.
Citi Named Placement Agent of the Year by Private Debt Investor
<div class="bw-release-subhead">
<p class="bwalignc"><b>Bank Receives Top Honors in U.S., Europe</b></p>
</div>
<div class="bw-release-timestamp"><time datetime="2017-03-01T13:59:00Z" itemprop="dateModified">March 01, 2017 08:59 AM Eastern Standard Time</time></div>
<p>NEW YORK--(<span itemid="http://www.businesswire.com" itemprop="provider publisher copyrightHolder" itemscope="itemscope" itemtype="http://schema.org/Organization"><span itemprop="name"><a href="http://www.businesswire.com/" itemprop="url" rel="nofollow">BUSINESS WIRE</a></span></span>)--Citi was named Placement Agent of the Year by Private Debt Investor (PDI), a leading international publication covering the world’s private debt markets. The designation includes two separate wins regionally in both Europe and in the Americas, which encompasses the U.S., Canada, and Latin America.<br />
<br />
The winners of the annual global PDI awards are chosen by the magazine's readership, which represents over 23,000 across the globe, with institutional investors representing the largest segment. The publication annually recognizes the best and brightest industry participants helping to shape private debt markets.</p>
Citigroup Global Markets Citi Private Debt Private Equity Mezzanine Private Markets Fixed Income Direct Lending Asset Allocation Pensions Insurance Endowments Foundations Family Office PE Real Estate Infrastructure Nithin Johnson Head of Americas Peter Arnold Global Head International Fund Distribution
FS Investments BDCs Close On Nearly $1B Of Middle Market Commitments In Q3
<p>FS Investments, a leading alternative investment manager, announced that its business development company (<a data-include="300371748" href="https://www.fsinvestments.com/learn/articles/business-development-companies" rel="nofollow" target="_blank">BDC</a>) direct lending platform committed approximately $988 million in senior secured loans and other debt and equity financing to middle market companies in the third quarter of 2016, bringing its year-to-date total originations to more than $2.2 billion. New directly originated investments during the quarter were made in support of nine portfolio companies headquartered in seven U.S. states.</p>
KKR Provides Over $275M To Two European Companies
KKR has closed two direct lending deals at over $275 million. The firm will provide financing to Roompot, an operator of holiday parks in Europe and Exterion Media, an outdoor advertising company based in the UK and Europe.
German $82 Billion Pension Giant Seeks Outside Help To Grow
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world....
Freeport Financial Partners Raises $518M For New Direct Lending Fund
Direct lending specialist Freeport Financial Partners has raised $518 million in equity commitments for its third fund, primarily focused on senior-secured first lien, floating rate loans made to PE-owned U.S. middle-market companies.
Knights Shifts From Private Equity To Direct Lending To Fund Next Stage Of Growth
Fast-growing alternative business structure Knights Professional Services has moved on from private equity funding and giving away an ownership stake, and turned to a major European lender to finance to next stage of its expansion. We revealed last month that James Caan has sold his stake in the firm.