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The private debt industry has more than tripled in size since 2006, with assets under management (AUM) increasing from USD152bn to USD465bn as of June 2014. Ryan Flanders, Executive Editor of the newly released 2015 Preqin Global Private Debt Report, examines the growth of the asset class.
The global private debt market, also referred to as the alternative or non-bank lending industry, is fast approaching USD500bn in AUM. The industry has seen steady growth over recent years, spurred on by the growing opportunity of providing private companies with debt financing in the face of bank regulation. One of the
Atlas Holdings has completed the sale of Olympic Panel Products to Swanson Group Manufacturing LLC, a Pacific Northwest forest products company.
Located in Shelton, Washington, Olympic Panel is a subsidiary of New Wood Resources, and is the largest overlay plywood manufacturer in North America.
"With our lease expiring next year, we needed to make a strategic, long-term decision and concluded that this transaction is the right step at this time," says Kurt Liebich, CEO of New Wood Resources, which owns Olympic Panel. "While Swanson’s new facility in Springfield will eventually be the place where Olympic’s products are made, nothing with
P Schoenfeld Asset Management (PSAM) has submitted two resolutions on behalf of select clients who own 7,500,000 shares of Vivendi , to the company’s Management Board for inclusion on the agenda of the Company's Combined General Meeting to be held on 17 April, 2015.
PSAM's clients also own 3,189,281 additional shares of Vivendi. In aggregate, the shares have a market valuation of approximately EUR236,821,000 as of market-close on Friday, 20 March, 2015. PSAM has been a Vivendi shareholder since July 2012.
PSAM believes that Vivendi is significantly undervalued due to its excessive cash holdings, inadequate capital return policy and
Intralinks Holdings has launched Intralinks Dealmanager which is aiming to improve corporate development teams’ capacity and ability to evaluate deals properly by giving them a centralised place to manage deal processes, assign tasks, and report on deal progress.
For decades, corporate development professionals have had to rely on manual procedures and traditional, disparate tools such as spreadsheets, Microsoft Word documents, email, and multiple shared drives to manage portfolios of complex transactions. Not only has the process been cumbersome, it has also introduced a high degree of data security risk.
“Corporate development practices have been long overdue for an overhaul,”
Highland Capital Management has launched Highland Alternative Investors, an alternative investment platform that will encompass all of Highland’s existing non-traditional, liquid alternative funds.
Michael Gregory will oversee the new platform as Global Head and CIO of Highland Alternative Investors.
“Highland has been offering investors access to liquid alternative solutions for over a decade,” says Mark Okada, co-Founder & CIO of Highland Capital Management. “The introduction of this platform will further strengthen our offerings and ability to drive results as well as allow Highland to better offer customised solutions across portfolios to investors.”
In addition to his new role, Michael Gregory
Barbour ABI has been granted a contract extension by HM Government to continue to publish the Government Construction and National Infrastructure Pipelines through until August 2016.
Barbour ABI was originally awarded the contract in September 2012, following a formal competitive tender process, because of their proven data collection processes and their existing knowledge in researching and tracking construction projects.
Since 2011, the published Pipelines have expanded to include more data on projects and programmes across departments. The commitment to making the data more user friendly using mapping and timeline technology – as well as promoting the pipeline more widely across
AlphaPipe has launched Form ADV Change Reports a new service that delivers to investors a monthly change report of all changes made to an asset manager's Form ADV filing.
"Form ADV is publicly available and should be one of your first lines of defence in monitoring your asset managers," says West Chapman, AlphaPipe's CEO formerly of Goldman Sachs, where he served on the Liquid Markets Investment Committee, led the Risk team and built the Operational Due Diligence team within Goldman Sachs Asset Management's (GSAM) external manager businesses.
"Unfortunately, current access to Form ADV makes monitoring cumbersome to impossible. Our monthly
Private equity firm Trilantic North America, has promoted five investment professionals to partners, strengthening the firm’s senior leadership since its formation in 2009.
“I am exceptionally proud of the leadership team we have built at Trilantic North America. Each of these individuals has contributed a tremendous deal to Trilantic in building a successful private equity firm focused on the middle market that deploys capital diligently on behalf of our investors," says Charlie Ayres, Chairman and Managing Partner of Trilantic North America. “The senior leadership team has worked together for over a decade, which is a testament of their dedication to
The Greater Manchester Loan Fund (GMLF), managed by Maven Capital Partners (Maven), is to make a GBP250,000 follow-on investment in outsource contact provider Intelling Limited (Intelling).
The business is on track to report annual revenue growth of over 60% with 2015 revenues set to exceed GBP5m.
Intelling provides a range of inbound and outbound telemarketing services, specialising in the business to consumer market for a number of blue-chip clients. It offers its clients a complete contact solutions platform specifically tailored to their business objectives, using Intelling’s contact centre for acquisition, retention, lead generation and customer care operations.
With the
An affiliate of private equity firm Warburg Pincus is to recapitalise Sterigenics, provider of contract sterilization, gamma technologies and medical isotopes, in partnership with private equity firm GTCR.
Terms of the transaction have not been disclosed. GTCR purchased Sterigenics in 2011.
“With this new partnership between Warburg Pincus and GTCR, Sterigenics is extraordinarily well positioned to accelerate growth, invest additional capital to serve our customers and expand our global footprint,” says Michael Mulhern, CEO of Sterigenics International.
Sterigenics’ growth over the past several years has reinforced its global market-leading position in the contract sterilization services industry. In 2014, Sterigenics acquired
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