Private Equity
CVC Credit Partners has closed its second global special situations fund at $1.42 billion, beating its $1 billion target. The limited partners of Global Special Situations Fund II included pension funds, insurance companies, fund of funds, foundations, endowments and family offices across the Americas, Europe, Middle East and Asia. The fund will invest in stressed and distressed debt situations in Europe and North America.
2 min read · 24 June 2019
Golub Capital has named Dan Derman as a managing director on its sales and trading desk. Also, Golub has hired Josh Morgan as a senior vice president on its capital markets team.
2 min read · 20 June 2019
Monroe Capital said June 20 that it acted as administrative agent on a $260 million loan to back Clearlake Capital Group’s buy of Dude Solutions Inc. Other lenders include BlackRock Capital Investment Advisors LLC, as well as Owl Rock Capital, and Vista Credit Partners.
2 min read · 20 June 2019
Brookside Mezzanine Partners has closed its fourth fund at $375 million, beating its $250 million target. As with its previous funds, Brookside Mezzanine Fund IV will provide subordinated debt, second lien, unitranche financing and minority equity capital to support leveraged buyouts, strategic acquisitions, recapitalizations and growth initiatives of small and mid-sized companies in the U.S.
1 min read · 19 June 2019
Small business lender Idea Financial has secured a $70 million warehouse facility from Cross River Bank. The capital will be used to allow Idea Financial to scale its business.
2 min read · 17 June 2019
GSO Capital Partners, Blackstone’s credit platform, has closed GSO Energy Select Opportunities Fund II strategy at $4.5 billion. The limited partners included U.S. state, corporate and international pension funds, financial institutions, endowments, foundations and family offices.
2 min read · 14 June 2019
Monomoy Capital Partners is seeking to raise $250 million for its new credit opportunities fund, according to an SEC filing. The New York City-based private equity firm invests in middle-market businesses.
1 min read · 14 June 2019
H.I.G. WhiteHorse, the credit unit of H.I.G. Capital, said June 13 that it provided a 60 million euro ($67.7 million) loan to Grupo Hospitalario Recoletas. Recoletas, of Valladolid, Spain, is a family-owned Spanish hospital group.
3 min read · 13 June 2019
Runway Growth, a lender to companies seeking alternatives to raising equity, has secured an $100 million revolving credit facility from KeyBank and CIBC Bank USA. Also included in the credit agreement is an accordion feature that could allow Runway to increase its commitments up to $200 million. The capital will be used for growth.
3 min read · 11 June 2019
Monroe Capital has closed its CLO at $456.34 million. This CLO is Monroe's third completed in the last 15 months. Deutsche Bank was the lead managing, structuring agent and bookrunner.
2 min read · 10 June 2019
