Ares Management closed its Ares Pathfinder Fund, L.P. With $3.7 billion in total commitments closed, the fund was significantly oversubscribed at its hard cap and exceeded its original target of $2 billion.
GoldenTree Loan Management II (GLM II) and its affiliated investment manager, GoldenTree Asset Management, closed a $698 million collateralized loan obligation (CLO) to be managed by GLM II.
Kroll Bond Rating Agency assigned preliminary ratings to three classes of notes issued by Carlyle US CLO 2021-3S (Carlyle 2021-3S), a cash flow collateralized loan obligation back by a portfolio of broadly syndicated corporate loans.
NXT Capital closed NXT Capital Senior Loan Fund VI, which will have approximately $1 billion in fund capacity from equity commitments combined with expected leverage.
According to a jointly published report from Pemberton, a European private debt manager, and the Saïd Business School of the University of Oxford, total assets under management of private debt funds globally increased from $275 billion in 2009 to $887 billion in 2020.
Monroe Capital received three Private Debt Investor awards, including the 2020 Lower Mid-Market Lender of the Year, Lender of the Year and CLO Manager of the Year awards in the Americas.
H.I.G. Capital expanded its European WhiteHorse team with the addition of Laurent Vaille and Charles Bourgeois as principals. Both were previously executive directors in the private debt division of Tikehau Capital in Paris.
H.I.G. Bayside Capital, the distressed debt and special situation affiliate of H.I.G. Capital, closed H.I.G. Bayside Loan Opportunity Fund VI. The fund closed with aggregate capital commitments of $1.4 billion, exceeding its target.
Martin Bernstein joined B. Riley Principal Investments as head of private investments. He will be responsible for sourcing, underwriting and managing investments with private companies in addition to leading distribution to B. Riley Principal Investments’ syndication partners.
Mitsubishi UFJ Financial Group acted as a structuring lead on Starwood Property Trust’s first project finance collateralized loan obligation. The deal also represents MUFG’s first structuring lead mandate on a project finance CLO.