Loan Note: Monomoy hits target for latest fund; default rate decreases
Monomoy reaches target for latest fund. Plus: monthly default rate eases; and Mosaic closes second SBIC. Here’s today’s brief for our valued subscribers only.
Monomoy reaches target for latest fund. Plus: monthly default rate eases; and Mosaic closes second SBIC. Here’s today’s brief for our valued subscribers only.
Recent bankruptcies have highlighted the need for extensive due diligence and, also, post-deal monitoring of risk in asset-based finance. Are relative newcomers to the space sufficiently equipped?
Co-president dispels speculation that controversial move to merge two BDCs might be reconsidered.
Wall Street’s top prosecutor has a warning for private-market players getting creative with their numbers. Stark divergences in how competing firms value private assets in their portfolios are drawing increasing attention from...
Defendants who own large chunks of $26bn distressed debt pile include Apollo, Ares, BlackRock and Oaktree
Private markets will generate more than half of the money-management industry’s revenues by 2030, an increase that reflects the intensifying competition among firms to expand in private debt and equity and infrastructure,...
Private credit managers happy to extend loan holding periods may find new technologies will wait for no one.
The manager confirmed the OBDC and OBDC II merger is terminated and it will re-evaluate alternatives.
Is the problem a mark-to-model issue or the lack of a sound business plan by a mid-market concern?
The private capital firm has cancelled a planned merger between two affiliates that lend to middle-market companies