Private Equity
Abacus Finance Group, a direct lender, has made three promotions. Brian Green and Rafal Rydzewski are now vice presidents while Joseph Lee has become a senior associate.
3 min read · 14 January 2019
LaSalle Investment Management has acquired Los Angeles-based Latitude Management Real Estate Investors' $1.2 billion debt fund business. The Latitude business has been renamed LaSalle Mortgage Real Estate Investors. LMREI is a commercial real estate lender.
3 min read · 14 January 2019
Monroe Capital said Jan. 10 that it provided debt to support Warren Equity Partners’s buy of StormTrap LLC. Financial terms weren’t announced. StormTrap, of Romeoville, Illinois, designs, engineers, and licenses precast concrete systems that store stormwater runoff in underground chambers.
2 min read · 10 January 2019
LBC Credit Partners increased the credit facility for automotive aftermarket parts business Drake Automotive Group to support its add-on acquisition of Addictive Desert Designs. Addictive Desert Designs is the sixth acquisition by the Drake platform since it was launched by Huron Capital in 2016.
2 min read · 09 January 2019
Optima Partners, a global regulatory compliance and risk management advisory firm, has named Shannon M. Horton as director and head of the firm's new West Coast office. Horton is a former deputy chief compliance officer at KKR Credit Advisors.
3 min read · 08 January 2019
Z Capital Credit Partners, Z Capital's credit fund management arm, has closed its collateralized loan obligation at $350.5 million. The CLO has a four-year reinvestment period and is backed mostly by a pool of senior secured loans.
2 min read · 08 January 2019
Bethesda, Maryland-based Walker & Dunlop Inc, a commercial real estate finance company, has named Todd Johnson as senior vice president to its debt and structured finance team. Previously, Johnson was director of equity products at Bellwether Enterprise Real Estate Capital LLC.
2 min read · 08 January 2019
Audax Private Debt, Audax's debt financing unit, has closed its direct lending solutions fund at $1.65 billion, beating its $1.25 billion target. The fund's limited partners include institutional investors from the U.S., Europe, Asia‐Pacific, the Middle East, Canada and Latin America. Audax Private Debt focuses on private equity-backed middle-market companies.
2 min read · 08 January 2019
Golub Capital provided a $120 million loan to support Bruckmann, Rosser, Sherrill & Co's refinancing of EōS Fitness, a gym club chain. The capital will be used for expansion.
3 min read · 07 January 2019
Crestline Investors Inc has provided a senior secured credit facility to Red Bank, New Jersey-based SUN Behavioral Health Inc, a national operator of freestanding psychiatric hospitals. No financial terms were disclosed.
2 min read · 07 January 2019
