Aladdin Launches Debtor-In-Possession Lending Hedge Fund

Feb 11 2009 | 3:38am ET

Aladdin Capital Holdings has launched a hedge fund designed to take advantage of higher interest rates being charged by the shrinking debtor-in-possession industry.

The Stamford, Conn.-based firm’s DIP fund will be run by Victor Russo, formerly of CIT Group, and Luke Gosselin, formerly of Goldman Sachs. The firm said the financial crisis has forced many traditional DIP lenders, notably General Electric, to reduce their lending or cut off the flow of funding entirely.

“This provides a tremendous opportunity to capture meaningful market share,” Neal Neilinger, Aladdin’s chief investment officer, said in a statement. “The DIP fund will participate, structure and lend directly into both large-cap and mid-cap facilities.”


In Depth

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Cash: An Asset In Adolescence

Aug 31 2017 | 3:34pm ET

If the investment industry has a rebellious teenager in the house today, that teenager...

 

From the current issue of