Private Debt News

Wells Fargo teams with PE firm Centerbridge for $5 bln lending fund

Wells Fargo teams with PE firm Centerbridge for $5 bln lending fund

Wells Fargo (WFC.N) is teaming up with private equity firm Centerbridge Partners to launch a fund with a capacity to lend more than $5 billion to North American middle-market companies, the groups said on Tuesday. The move highlights the increasing intertwining of private capital providers and traditional banks in offering credit to companies and consumers […]

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UK and Europe: early signs of a return of mezzanine finance

UK and Europe: early signs of a return of mezzanine finance

Mezzanine lender protections There are a number of specific protections for mezzanine creditors participating in these structures, which include: Board observer rights. Mezzanine lenders often seek to obtain enhanced monitoring and management rights, such as the right to appoint a non-voting observer to the board at the level of the Parent company or Bidco. Enhanced […]

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SocGen and Brookfield to launch private debt fund

SocGen and Brookfield to launch private debt fund

French lender Societe Generale SOGN.PA and asset manager Brookfield Corp BN.TO plan to launch a private debt fund targeting total volume of 10 billion euros ($10.73 billion) over the next four years, they announced on Monday. Initial seed funding, which will be directed towards the power, transportation and finance sectors among others, amounts to 2.5 […]

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