Private Equity
British Columbia-based HYAS, a provider of attribution intelligence solutions for infosec and cybersecurity professionals, has secured up to $2 million in debt financing from Silicon Valley Bank. Recently, HYAS raised $6.7 million in a Series A funding round led by M12, Microsoft’s venture fund.
3 min read · 28 November 2018
New York-based Varagon, a lender to middle market companies and private equity firms, has named Michael Broderick as a managing director of healthcare originations. Previously, he worked at Capital One where he originated debt, equity co-investments and banking opportunities for the firm's private equity clients.
2 min read · 28 November 2018
Oak Hill Advisors has amassed a $5 billion war chest that it can draw in 10 days or less to buy should situations, including a recession or downgrades, spark sudden selling, Bloomberg reported, quoting CEO Glenn August. Other firms, including BlackRock Inc, Blackstone’s credit arm GSO Capital Partners and Apollo Global Management, have all been shoring up resources, the story said.
1 min read · 27 November 2018
Monroe Capital LLC has closed its third private credit fund at $1.33 billion, beating its $800 million target. The 2018 Monroe Private Credit Fund III will invest in private credit transactions originated and underwritten by Monroe. The fund's investors include public and private pension plans, insurance companies, universities, endowments, foundations, religious organizations, hospitals, non-profits, sovereign wealth funds and family offices.
3 min read · 27 November 2018
Vista Equity Partners has named David Flannery as president of its credit platform Vista Credit Partners. Previously, he was senior managing director of GSO Capital Partners, the global credit investment platform of Blackstone.
2 min read · 20 November 2018
Abacus Finance Group has provided financing to back Schlotterbeck & Foss's acquisition of Chester, Vermont-based Drew's Organics, a maker of organic and non-GMO dressings, marinades and salsas. No financial terms were disclosed. Schlotterbeck is a portfolio company of Frontenac. Abacus was the administrative agent and lead arranger for the credit facilities.
4 min read · 20 November 2018
Monroe Capital said Nov. 20 that it closed a $455.75 million CLO. BNP Paribas served as the lead Manager, structuring agent and bookrunner.
2 min read · 20 November 2018
Crestline Investors, credit-focused institutional alternative asset manager, has closed its latest fund at $600 million. The fund will focus on Crestline's portfolio financing strategy. The fund's investors include public and private pension plans, endowments, wealth management platforms, and other institutional investors.
3 min read · 19 November 2018
TIAA Bank has acquired a $1.5 billion portfolio of healthcare equipment leases and loans from GE Capital’s healthcare equipment finance business. The healthcare portfolio includes loans and leases to approximately 1,100 hospitals as well as 3,600 physician practices and diagnostic and imaging centers in the U.S.
3 min read · 16 November 2018
Barings has co-arranged senior secured financing to back Abry Partners' acquisition of LINK Mobility Group, a European mobile messaging provider. No financial terms were disclosed.
3 min read · 15 November 2018
