Credit

Castle Lanterra forms new debt platform CL Credit Opportunities

CL Credit Opportunities plans on deploying $500 million in equity over the next year.

Kennedy Lewis wraps up third credit fund at $4.1bn

Fund III's limited partners include pensions, insurers, sovereign wealth funds, foundations and endowments from the U.S., Europe and the Middle East.

Penfund invests in CapVest's acquisition of Recochem

Penfund served as a joint lead arranger and joint bookrunner on the financing.

Monroe backs Wind Point's buyout of Central Moloney

Monroe served as administrative agent and sole lead arranger on the financing.

Monarch Alternative Capital backs oil change and car wash platform Accelerated Brands

The capital infusion will be used by Accelerated Brands to bolster the financial strength of the existing business, provide capital for near-term acquisitions, and aid in the future growth of the company.

Bain Capital and Smith Hill form $1bn hospitality-focused private lending platform

The joint venture will initially focus on new loan originations and debt refinancing exclusively in the hospitality space within primary and secondary markets throughout the U.S.

Wellington prices debut CLO at $405.6m

Wellington Management CLO 1 Ltd is backed primarily by broadly syndicated first lien loans.

LongWater unveils private credit and capital solutions strategy

Kevin Prunty will lead it and serve as senior managing director.

Mountain Ridge Capital unveils factoring commercial finance firm Alpha Ridge Funding

Alpine Ridge is focused on originating, underwriting, and managing factoring facilities from $50,000 to $30 million.

E2M Ventures scores $50m credit facility from Crayhill

The facility will be used to finance the origination of mezzanine loans and preferred equity investments for real estate sponsors.