New Content Archives - Page 18 of 19

Ares Closes $2B in U.S. Direct Lending Commitments in Third Quarter

Ares provided details on new financing commitments. Funds managed by the company’s credit group closed approximately $2 billion in commitments across 31 transactions during the third quarter, totaling $6.4 billion in commitments across 95 transactions year to date.

Ares Makes $706MM in New Investments in Q3, 94% in First Lien Senior Secured Loans

In Q3/20, Ares Capital made $706 million in new investment commitments, of which $447 million were funded, including nine new portfolio companies and 15 existing portfolio companies. Of the $706 million in new commitments made during Q3/20, 94% were in first lien senior secured loans.

October 28, 2020 Ares Capital | Kipp deVeer | Penni Roll Ellie Delany

Crayhill Provides $100MM Financing Facility to Marketlend

Crayhill Capital Management, a New York-based private credit manager and asset-based lender, provided Marketlend, an Australian-based marketplace trade credit platform, with a new $100 million financing facility.

October 28, 2020 Crayhill Capital Management | Leo Tyndall | Marketlend Ellie Delany

H.I.G. Capital Acquires Capstone Logistics

An affiliate of H.I.G. Capital, a global alternative investment firm, signed a definitive agreement to acquire Capstone Logistics, a provider of outsourced supply chain solutions, from an affiliate of The Jordan Company.

Runway Growth Credit Fund Provides Third Quarter Portfolio Update

Runway Growth funded three loans and other investments during Q3/20, including a $40 million senior secured term loan commitment to new portfolio company, Porch.com.

Sun Life to Acquire Majority Stake in Crescent Capital Group

International finance servicer, Sun Life Financial, intends to acquire a 51% interest in alternative credit investment manager, Crescent Capital Group, for up to $338 million. Crescent will form part of SLC Management, Sun Life’s alternatives asset management business.

Alcentra Appoints Mulshine Head of U.S. Distribution

Alcentra, a manager of private debt, hired Chris Mulshine as head of U.S. distribution and a member of the executive management committee. Mulshine previously served as global head of private credit with Lazard Private Capital Advisory, and in other roles at Credit Suisse, UBS and Goldman Sachs.