Commercial property loan originations rose much higher Q/Q (31%) than the average in the second quarter of 2023: the average is just 17%.
Firm now offers features ranging from legal document reviews to disbursements.
Galligan and Flannery to oversee the new, perpetually private, BDC focusing on tech, sources say.Â
The US public pension has backed private debt vehicle.
The US pension backed Invesco ICP III, a distressed debt strategy within the private credit portfolio.
Corporate opportunities fund adds $865.3m, while specialty finance fund holds first close on $411.5m.
Michigan confirmed commitments to Irradiant Partners and HarbourVest Partners.
Assisted by volatile market conditions, private debt firms have carved out a place for themselves in the mega-financing arena once solidly occupied by the banks.
What a fund structuring survey from Dechert and the ACC tells us about the evolution of private debt. Plus: Oaktree expects rate pressure to feed the distressed opportunity; and Golub hires in Miami. Here’s today’s brief for our valued subscribers only.
As high-profile assets go up for sale, the sector’s yield profile is piquing the interests of debt-providers.
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