Private Credit/Debt Archives - Page 2 of 4

Ares Management’s Credit Group Closes $9B in Transactions in Q2/21

Funds managed by Ares Management’s credit group closed approximately $9 billion in commitments across 77 transactions during Q2/21 and approximately $21.8 billion in commitments across 221 transactions in the 12-month period ended June 30, 2021.

TerraNova Capital Launches SPAC Backstop and deSPAC Finance Platform

TerraNova Capital Structured Finance launched its SPAC Backstop and deSPAC finance platform. The TerraNova finance platform will help special-purpose acquisition companies identify structured finance solutions in conjunction or in place of PIPE financing and redemption shortfalls.

July 29, 2021 TerraNova Capital Structured Finance | Todd Coffin Ian Koplin

Pemberton Hires Ewing as Managing Director for North American Region

Pemberton, a European private credit manager, hired Sanford (Sandy) Ewing as a new managing director for the firm’s business development team. Ewing will support Pemberton’s international expansion and joined the company to cover the North American region.

July 27, 2021 Pemberton | Sanford ‘Sandy’ Ewing | Scott Hamilton | Symon Drake-Brockman Ian Koplin

KKR 2021 Mid-Year Macro Outlook Not the ‘Same as It Ever Was’

KKR released its 2021 mid-year outlook piece by Henry McVey, CIO of KKR’s Balance Sheet and head of Global Macro and Asset Allocation. The key message to investors is to get long pricing power and collateral-based cash flows.

July 22, 2021 Henry McVey | KKR Ian Koplin

Pemberton Launches Wealth and Asset Management Solutions Initiative

Pemberton, a European private credit manager backed by Legal & General Group, launched Pemberton Wealth & Asset Management Solutions. This new initiative is aimed at providing access to private debt opportunities in Europe to wealth and asset managers and their clients.

July 20, 2021 Michele Baldessarini | Pemberton | Pemberton Wealth & Asset Management Solutions | Symon Drake-Brockman Ian Koplin

PGIM Private Capital Provides Almost $6.5B in Senior Debt and Junior Capital in H1/21

PGIM Private Capital provided nearly $6.5 billion of senior debt and junior capital to more than 100 middle-market companies and projects globally in the first half of 2021, marking the company’s second largest first-half origination volume over the past decade.

July 16, 2021 Allen Weaver | PGIM Private Capital | Rougaroux Power Holdings | South West Water | ZircoDATA Ian Koplin

Golub: Recent Earnings in U.S. Middle Market Comparable to Pre-COVID-19 Levels

Middle-market private companies in the Golub Capital Altman Index experienced EBITDA growth of 31% and revenue growth of 21% in April and May 2021 compared with their April and May 2019 earnings and revenue.

July 15, 2021 Dr. Edward I. Altman | Golub Capital | Golub Capital Altman Index | Lawrence E. Golub Ian Koplin

Golub Capital Signs Up More Than $9B in Commitments in Q2/21

Golub Capital reached a company record in originations in Q2/21, signing up more than $9 billion in retained and syndicated commitments and completing more than 95 new and add-on transactions. Originations in the quarter were 30% higher than Q4/20.

July 14, 2021 David Golub | Golub Capital | Greg Cashman Ian Koplin

FLC Credit Partners Provides $21MM Loan Facility to Spouting Rock Asset Management

FLC Credit Partners, a private credit fund manager specializing in family- and entrepreneur-owned businesses, provided a $21 million loan facility to Spouting Rock Asset Management (SRAM), which will use the capital to fuel its growth and consolidate multiple asset managers.

Antares Capital Adds Stammen as Managing Director, Head of Investor Coverage in Asset Management

Jeffrey Stammen joined Antares Capital, a private debt credit manager with more than $30 billion of capital under management and administration, as managing director and head of investor coverage in asset management.

July 9, 2021 Antares Capital | David Brackett | Jeffrey Stammen | Vivek Mathew Ian Koplin

Category: Private Credit/Debt