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Rachel McGovern

The NYSE-listed alternative investment manager reported a steep year-on-year fall in fourth quarter economic net income. The firm’s share price has fallen from around $24 per share a year ago to trade at under $13 per share this week.
The Spanish-focused debt and equity provider has launched its second fund with a €350 million target. Existing investor Allstate Investments has come back in as cornerstone investor in the new fund.
The firm described the fund as the “first dedicated African credit and debt capital markets fund of its kind globally”.
In a hotly anticipated decision, the European Securities and Markets Authority issued an opinion suggesting a pan-EU marketing passport be offered to Guernsey and Jersey while requesting more time to review the regulatory regimes of the US and other major PE domiciles. 
The Middle East-focused alternative investment firm will leverage its own fund commitments with the credit line
A record number of deals were signed by alternative lenders in the third quarter, according to Deloitte

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