Saturday, 30 August 2014
Last updated 1 day ago
Jan 6 2011 | 10:19am ET
Connecticut-based FrontPoint Partners has commitments in excess of $1 billion for a fund that will specialize in senior secured loans to middle-market US companies.
The FrontPoint-SJC Direct Lending Fund will focus on privately negotiated loans to companies generating annual revenue of $75 million to $500 million and annual EBITDA of $7.5 million to $50 million. To date, the fund has invested about $165 million.
Steve Czech, FSJC founder and portfolio manager, said, “U.S. middle-market businesses have been left with relatively few financing sources as numerous middle-market direct lenders have either exited the direct lending business or are gravitating towards larger borrowers for both strategic and regulatory reasons. FSJC plans to fill that void for creditworthy businesses in need of secured debt that is required to expand their businesses and increase their hiring."
Czech and his team average 23 years of leveraged lending, corporate finance and restructuring experience across numerous industries and companies.
Said Dan Waters, FrontPoint co-CEO, “This is FrontPoint’s largest fund launch ever and it has attracted a diverse set of institutional investors including domestic and international pension funds, endowments, foundations, family offices and high net worth individuals.”
FrontPoint manages approximately $4.5 billion in assets and commitments across single and multi-strategy vehicles.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...