Wednesday, 22 October 2014
Last updated 5 hours ago
Jun 3 2008 | 10:58am ET
Barclays Capital has raised $1 billion for a private junior capital fund.
The firm’s principal credit investments division, Barclays Structured Principal Investing, may raise another $500 million for its inaugural fund, the Barclays Structured Principal Investing Fund.
BSPIF will make private junior capital investments of between $20 million and $150 million in North America, including uni-tranche, second lien, mezzanine debt, holding company notes, structured preferred stock and private equity co-investments.
“The introduction of the fund marks an important milestone in our contributing efforts to build a world-class leveraged finance platform,” Rick Van Zijl, co-head of U.S. leveraged finance, said. “The financing flexibility that the fund offers is an important value proposition for our clients.”
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…
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