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Category: Debt

Schroders seals €312m sub-investment grade infra debt fund close, cites asset class strength amid Covid

Asset management major Schroders has hit a €312m first close for its new fund targeting sub-investment grade infrastructure debt.

Hony Capital could lose entire Pizza Express investment as Covid-19 takes toll, six years after £900m buyout

Private equity house Hony Capital is at risk of losing its entire investment in UK pizza restaurant chain Pizza Express as the business reels under the strain of the coronavirus lockdown.

PPE, infection control product business Medicom gets CDPQ capital for Asian expansion

PPE and infection control specialist Medicom has picked up a loan from existing investor CDPQ to help expand the business into Asia.

Private equity funds being used for mass-scale money laundering: FBI

Private equity funds are being used for mass-scale money laundering according to the US Federal Bureau of Investigation, which said the industry lacks adequate money-laundering programmes.

TPG takeover of Covid-ravaged Cirque du Soleil looks dead amid impending creditor deal – report

Private equity plans to take over world-famous Cirque du Soleil on the cheap after coronavirus pushed it into bankruptcy protection have been scuppered by creditors, who are reportedly set to agree a recapitalisation of the

PE hopes of cheap deal for ailing Cirque du Soleil challenged by rival bid from creditors

Private equity hopes of taking control of the world-famous Cirque du Soleil on the cheap after coronavirus pushed it into bankruptcy protection appear over, with creditors nearing an agreement for their own bid.

HIG boosts European Whitehorse debt operation with ex-Alcentra managing director hire

HIG Capital has brought in former Alcentra managing director Pascal Meysson as head of its European direct lending operation.

Beauty industry veteran Pamela Baxter named as MidOcean operating partner

Private equity and credit investment house MidOcean Partners has brought in veteran beauty industry executive Pamela Baxter as an operating partner and executive board member.

Capza, Amiral Gestion speed to €400m ‘one and done’ close for third joint debt fundraise

European investment house Capza and asset manager Amiral Gestion have hit a €400m first and final close for their third joint fundraise through their Artemid subsidiary.

Charlesbank Capital Partners smashes target to hit $700m hard cap for Credit Opportunities Fund II close

Middle-market private equity firm Charlesbank Capital Partners has closed its Charlesbank Credit Opportunities Fund II, sweeping past its $500m target to close on its $700m hard cap.

Blackstone credit arm GSO said to eye $7.5bn for new mezzanine fundraise

Blackstone's credit platform GSO Capital Partners is reportedly out raising up to $7.5bn for its latest mezzanine debt fundraise.

Golding races to €200m private debt fund first close amid growing coronavirus financing opportunities

Golding Capital Partners has picked up €200m for the first close of a new debt fund as it looks to back struggling companies battered by the coronavirus pandemic.

Debt collection fintech business PAIR Finance gets more VC backing among latest funding round

PAIR Finance, a debt collection and receivables management platform, has scored €2m in funding as it continues its growth efforts.

Indies Capital sees post-Covid investment opportunities amid $100m Fund III first close

Singapore-based asset manager Indies Capital Partners has hit a $100m first close for its third private equity and structured credit fundraise.

Bain Capital’s Virgin Australia buyout under fire from bondholders pushing to make own offer

Bain Capital's agreed buyout of coronavirus-stricken airline Virgin Australia could be under threat by bondholders attempting to make their own offer to creditors.

Private equity dealmaking suffers big weekly drop as Covid-19 continues to weigh on negotiations

Global private equity dealmaking slumped 14.5% in the last week of June as the ongoing Covid-19 pandemic continues to weigh on transactions across the world's markets.

Backcast Partners passes $775m of assets under management thanks to debut private credit fund close

Debt and equity investor Backcast Partners Management has closed its debut private credit fund to bring its assets under management to more than $775m.

Neuberger Berman agrees to buy over $275m of Dignifi assets as company seals Series A round

DigniFi, a AI-powered platform which connects consumers with lenders for auto parts, repairs and services, has signed a deal with Neuberger Berman Private Equity to purchase over $275m of assets.

LBC Credit Partners passes halfway point in $1bn-targeting fifth flagship fundraise

LBC Credit Partners has passed the halfway point for its $1bn-targeting fifth flagship fundraise.

Veteran Missouri pension investor Kelly joins PennSERS as new CIO

Veteran Missouri state pension investment specialist Seth Kelly has joined the $31.1bn-managing Pennsylvania State Employees’ Retirement System as its new CIO.

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