Friday, 30 January 2015
Last updated 9 hours 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…