Moore Capital Adds Mid-Market Lending Firm, Pledges $200M

May 21 2013 | 2:00pm ET

Moore Capital Management is getting into the mid-market lending business.

The hedge fund has committed approximately $200 million to the former Cyan Partners, which has been renamed MC Credit—after the hedge fund—and which will operate as an independent affiliate of Moore, Buyouts magazine reports.

Cyan became MC this month, and hopes to raise $750 million for a lower mid-market debt fund. Cyan, which was founded by Morgan Stanley and Citigroup leveraged finance veteran Ashok Nayyar in 2008, has sourced and invested in some $900 million in credit since its debut.

MC's strategy will not change along with its name, focusing on mid-market North American companies. It will offer growth capital through senior secured loans and second-lien loans, originating them and then syndicating them to hedge funds and banks.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Compelling Opportunities In The Alternatives Space

Jul 29 2014 | 9:33am ET

In an environment where many asset classes seem expensive by historical standards...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note