Apollo Global Management’s middle-market lending unit MidCap Financial now tips the scales with gross assets of $3.3 billion as a growth business for the firm led by Leon Black. It’s another contender backed by a heavyweight vying to provide loans to middle-market sponsors.
3 min read · 31 August 2015
While firms like Morgan Stanley, Merrill Lynch and Goldman Sachs deploy feeder funds and other vehicles for individuals to invest in alternatives, an estimated 50,000 independent wealth advisors lack the technology and services to provide access to the asset class for their clients.
2 min read · 31 August 2015
Huntsman Gay Capital Partners Fund LP, the vintage debut fund from HGGC, rang up an IRR of 18.2 percent as of Dec. 31, 2014 for the California Public Employees’ Retirement System, placing close to a top-quartile performance for that vintage year. HGGC CEO Rich Lawson talked about the fund in a phone interview.
3 min read · 31 August 2015
Apollo Global Management and Ares Management drew mostly positive comments from Standard & Poor’s and Fitch Ratings on separate plans to buy smaller businesses that will spike debt levels as both firms work to scale up.
3 min read · 31 August 2015
Trive Capital is moving quickly through fundraising on its sophomore investment vehicle that is targeting up to $500 million for complex situations and corporate carve-outs in the lower middle market, according to two people with knowledge of the firm.
2 min read · 27 August 2015
Noranda Aluminum, a portfolio company of Apollo Global Management until May of this year, drew a debt downgrade from Standard & Poor’s Ratings Services in the face of low commodity prices. The company also faces uncertainty around an explosion and fire at a smelter in August.
2 min read · 26 August 2015
Trive Capital is moving quickly through fundraising on its sophomore investment vehicle that is targeting up to $500 million for complex situations and corporate carve-outs in the lower middle market, according to two people with knowledge of the firm.
2 min read · 26 August 2015
Huge swings in global equities are expected to cause sponsors to tread more cautiously both on acquisitions, initial public offerings and stock sales, but so far no fundamental shift in the deal-making environment is widely seen.
4 min read · 25 August 2015
Altas Partners teamed up with Caisse de dépôt et placement du Québec to buy an equity stake in Capital Vision Services LP in a deal that values the provider of back-office services to independent optometrists at $800 million, according to a source. The deal is Altas’ third since its launch in 2012.
2 min read · 24 August 2015
American Capital disclosed $450 million for a new fund to invest in collateralized loan obligations, part of a surge in capital for the asset class, according to a filing and industry data.
2 min read · 21 August 2015
