Saturday, 25 October 2014
Last updated 1 day ago
Jun 21 2012 | 12:17pm ET
GB Merchant Partners is gearing up to launch its second debt fund.
GB, the investment division of Boston-based Gordon Brothers, hopes to raise $500 million for its 1903 Debt Fund 2, Hedge Fund Alert reports. Like its predecessor, the new vehicle will invest exclusively in junior secured loans of between $10 million and $50 million to mid-sized companies. It will also be able to buy on the secondary market.
If GB hits its fundraising target, 1903 2 will be nearly three times the size of its first debt fund, which closed in 2006. GB also manages $485 million in a stock fund, the 1903 Equity Fund.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.