KBRA DLD, a division of KBRA Analytics, released its latest Monthly Insights & Outlook and Default Reports on the U.S. direct lending market. Highlights from the report are below:Defaults:The year-to-date (YTD) direct lending default rate rose to...
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December 18, 2023, 07:54 AM
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OppenheimerFunds and The Carlyle Group announced the launch of OFI Carlyle Private Credit Fund, the first strategy made available through the firms' joint venture to provide global private credit opportunities for high net worth (HNW) investors and...
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June 07, 2018, 08:10 AM
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Tennenbaum Capital Partners, LLC, an alternative investment management firm, announced the closing of TCP Direct Lending Fund VIII and its affiliated vehicles with more than $1.9 billion of investor equity commitments.DLF VIII is a continuation of...
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January 24, 2018, 07:10 AM
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According to a new report from Preqin, 2017 was a record year for private debt fundraising, as a combined $107 billion was raised by 136 vehicles. North America saw the most activity, with 75 funds focused on the region raising a total of $67 billion...
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January 05, 2018, 07:30 AM
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Ares Management, L.P. announced that it has held the final close for its junior capital direct lending fund, Ares Private Credit Solutions. The Fund held its final closing with $3.4 billion of total commitments, which exceeded the initial fundraising...
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December 21, 2017, 07:22 AM
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NXT Capital, LLC announced the final closing on approximately $415 million in equity capital, above its original $350 million target, for NXT Capital Senior Loan Fund V, LP (Fund V). When coupled with targeted leverage, Fund V will have approximately...
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November 06, 2017, 07:09 AM
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Mezzanine funds account for greatest proportion of active investor mandates in July 2017, as investors say it has the best risk/return profile Preqin’s most recent survey finds that institutional investors view mezzanine funds as one of the most...
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September 01, 2017, 08:00 AM
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H.I.G. WhiteHorse, the credit affiliate of H.I.G. Capital announced the closing of H.I.G. WhiteHorse Direct Lending Fund and H.I.G. WhiteHorse Loan Fund. The Fund closed with aggregate capital commitments of approximately $1.1 billion*, exceeding its...
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July 05, 2017, 07:00 AM
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Reuters Loan Pricing Corporation reports business development companies (BDCs), which extended share price gains this summer after a prolonged slump, still face hurdles that prime the specialized closed end investment funds for consolidation...
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September 19, 2016, 08:05 AM
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FS Investments, a leading alternative investment manager, announced that its business development company (BDC) direct lending platform committed over $830 million to middle-market companies in the second quarter of 2016, bringing its year-to-date...
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August 24, 2016, 07:26 AM
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THL Credit Advisors LLC announced that Katherine (“Kassie”) Taylor has joined the firm as a Director in their New York office where she will focus on business development, product development, strategic relationships and marketing across THL Credit’s...
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August 18, 2016, 07:03 AM
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Institutional demand for private credit is propelling capital formation in the U.S. middle market, as a flurry of newly created direct lending platforms enter the mix and existing alternative debt capital providers continue to raise money and add...
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May 20, 2016, 08:01 AM
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Franklin Square Capital Partners announced that its BDC direct lending platform committed over $1.9 billion to private deals in the fourth quarter of 2015, and more than $5.6 billion for the full year 2015. New directly originated deals during the...
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March 25, 2016, 07:53 AM
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Ares Management, L.P. and Kayne Anderson Capital Advisors, L.P. announced they have entered into a definitive merger agreement to create Ares Kayne Management, L.P., one of the largest and most diversified alternative asset managers with a combined...
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July 24, 2015, 07:59 AM
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Comvest Partners announced the final closing of its third direct lending fund, Comvest Capital III ("CVC III"), with $450 million in capital commitments. The $450 million amount is above the original cap, and is substantially higher than the original...
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June 03, 2015, 08:04 AM
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Tree Line Capital Partners completed its first closing on Tree Line Direct Lending, LP, with the addition of a commitment from the University of Texas Investment Management Company (“UTIMCO”) alongside capital from funds managed by Stone Point...
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June 02, 2015, 07:09 AM
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Reuters reports Angelo Gordon has set up a middle-market direct lending business with the appointment of Chris Williams and Trevor Clark. Williams and Clark co-founded and built the direct lending business at Madison Capital Funding.Williams and...
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September 30, 2014, 07:21 AM
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Medley LLC, a leading asset manager, announces that Peter McLaughlin has joined their team as Managing Director on the Direct Lending Team.McLaughlin will play a key role in further developing the firm's relationships with private equity firms and...
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August 04, 2014, 07:17 AM
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