alternative lenders

There was little movement among the firms occupying the top spots in the PERE Credit 50, demonstrating the difficulty smaller managers can face in scaling their platforms.

A trend of institutional investors elevating credit-focused executives is a natural and predictable mirror of what is happening with managers.

Andrew Allen was appointed global chief investment officer at the London-based manager following Kiran Patel’s retirement last month.

The manager has acquired performing loans from the German bank in a landmark transaction.

The refinancing came as a package of senior loan and mezzanine debt.

The New York-based manager aims to tap into credit opportunities arising outside of the US.

The loan comes as lenders see a niche to provide financing to help sponsors complete projects.

Closings are ticking up as borrowers re-enter the market, but wider activity is still tempered.

West Street Real Estate Credit Partners IV will have more than $7bn of lending capacity.

The Paris-based bank is seeking to increase financing options for alternative lenders.