Steve Bills
Monroe Capital LLC, the Chicago specialty finance company, continues to build up its New York presence. The company announced June 18 that it had added Jeff Knopping as a managing director and partner to open the New York office of Monroe Credit Advisors, its financial advisory unit.
Potential for $1.6B in fresh capital Reaching smaller investors, avoiding public markets Other buyout firms also pursuing similar vehicles Kohlberg Kravis Roberts & Co. is advising on a privately traded business development company, Corporate Capital Trust, which is earmarked to invest in the senior and subordinated debt of U.S. companies generating $100 million to $4 […]
British shop buys $3.1B of Invesco CLOs Diversifying into additional asset classes Looking for managers and portfolios The British buyout shop 3i Group plc, another private equity player making a move into credit markets, plans to establish an American lending presence during this calendar year, most likely by buying a U.S. CLO manager. “The U.S. […]
GE Capital is largest of conglomerate’s six units Business subject to regulation, economic turmoil Still interested in ’high-margin’ originations If General Electric Co. does decide to reduce its role in financial services, the conglomerate is likely to retain its B-to-B lending business, probably including its leveraged finance operation. The Fairfield, Conn.-based company has previously said […]
In 1992, Antoine Dréan founded Triago, a Paris-based matchmaker that has grown to become one of the world’s leading placement agents. In 2007, he launched Mantra, an investment company focused on listed private equity and non-traditional private equity funds. Now, with the introduction of Palico SAS, Dréan is seeking to provide an online venue where […]
By their nature, buyout funds are long-lived vehicles, typically planned from their inception to survive a decade or longer as viable partnerships. But as investors and regulators attempt to raise their eyes from the recent financial crisis, concern is growing over partnerships that refuse to die—so-called zombie funds.
As presidential candidates argue about the role of private equity on the economy, Moody’s Investors Service Inc. has this to contribute: LBOs don’t make credit defaults worse.
With interest rates seemingly stuck at record low levels and dealflow slack in the buyout space, investors in debt are expanding leverage multiples, especially on subordinated debt, as they try to drum up deals.
Count Brett Palmer among those who believe the buyouts industry is being vilified in the media and in politics during this election year. Palmer, the president of the Small Business Investor Alliance, a trade group, said even industry-friendly media outlets, Bloomberg BusinessWeek, can run a cover story with artwork depicting a sponsor as chainsaw-wielding destroyer, […]
Firm: Monroe Capital LLC Fund: Monroe Capital Senior Secured Direct Loan Fund LP Target: $400 million to $500 million Placement Agent: None Monroe Capital LLC, which broadened its arsenal last year by introducing business development company and SBIC lending options for buyout shops, is returning to the market to raise a new limited partner-backed loan […]