Man Group makes private credit push
Man Group is planning on more acquisitions and hiring new team members, as part of a push towards private credit, according to a report by Bloomberg.
Man Group is planning on more acquisitions and hiring new team members, as part of a push towards private credit, according to a report by Bloomberg.
Private equity firm Warburg Pincus has secured a $1bn net asset value loan from private investment major Apollo Global Management Inc, to pay down bank facilities involving an older fund, according to a report by Bloomberg.
Macquarie Asset Management has appointed Ben Taylor as a Managing Director within the firm’s Client Solutions Group focusing on investor relations, product development and capital raising for its private credit business in the Americas.
EQT AB has secured $1.425bn in private debt from a group of private credit lenders led by Goldman Sachs group to help finance its acquisition of medical device firm Zeus Company Inc, according to a report by Bloomberg.
A recent €4.5bn debt package to finance a buyout of online classified ad specialist Adevinta ASA by a private equity-consortium led by Permira and Blackstone Inc, saw direct lenders offer €2.5bn more than the amount needed, according to a report by Bloomberg.
Chemicals producer BASF SE has turned to the private debt market for a $1.5bn loan, while engineering firm Robert Bosch has secured $1.2bn of privately-placed debt, according to a report by Bloomberg.
Cliffwater Corporate Lending Fund, a diversified interval fund focused on consistent income through corporate middle market direct lending, has closed its fifth privately-placed Senior Secured Notes offering, totalling $760m in principal amount.
Equinox Holdings, an operator of high-end, luxury fitness cubs, has been exploring several options to refinance its upcoming maturities, including raising a $1.3bn loan in the private credit market, according to a report by Bloomberg.
Apollo Global Management Inc. is setting up a company that will give investors exposure to asset-backed loans generated by its credit operations for an initial investment of as little as $2,500, according to a report by Bloomberg
A record number of Japanese investors are putting their money into domestic private credit deals, according to a report by Bloomberg. The report cites data from Prequin on these dealings.
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