Andrew Hedlund
In the US, unitranche loans have given the senior-junior debt capital structure a run for its money in recent years, but mezzanine lenders are still finding deals.
Manuel Henriquez, also the venture debt lender’s former chairman and founder, stepped down after prosecutors charged him with taking part in a college admission bribery operation, to which he pleaded not guilty.
Dyal’s new strategy will involve making loans to alternative asset managers regardless of whether the firm holds a stake in the potential borrower.
The PDI CFOs & COOs Forum highlighted high-net-worth individuals getting into the game, side letters, transparency and more.
The firm is the latest in a string of private market money managers to make the change, citing an expected increase in its share liquidity.
Private equity firms launching debt arms must act very carefully to avoid conflicts of interest.
Private equity firms launching debt arms must act very carefully to avoid conflicts of interest.
A single document submitted to the IRS to change the firm’s tax status will have concrete changes for the alternative asset manager, management says.
A single document submitted to the IRS to change the firm’s tax status will have concrete changes for the alternative asset manager, management says.
The firm has also set a new dividend policy with the potential for special dividends when performance fee income is particularly elevated.