KKR resurrects credit fund with new name, strategy for virus era
Instead of just seeking out distressed situations, the Dislocation Opportunities Fund has a wide mandate to buy corporate and asset-backed debt.
Private equity fundraising
Private-debt funds seeking $212 billion in limbo after rout
Over the last two weeks, at least half a dozen lenders to mid-size businesses actively fundraising in North America and Europe have canceled appointments or travel plans to meet with prospective investors due to the continuing spread of the coronavirus.
Serta firmly disputes downgrade action by S&P
The company asserted in the statement that S&P’s action was driven more by the distressed trading levels of Serta’s loans in the secondary market rather than the company’s “financially solvent” status.
By
Glen Fest
Online lender with focus on veteran-owned businesses raises $23M
StreetShares seeks to tap into the loyalties of military veterans, bringing together borrowers and savers through an online platform.
