Business development company

Private Credit Has a New Workaround to Allow Borrowers to Defer Interest Payments

A “synthetic PIK" is a feature that lets companies make some of the interest payments with additional borrowing without having to count the debt as being serviced “in kind."

May 31, 2024

Lenders & Private Credit

Private Lenders are Opting to Go Public After Valuations Jump

In the queue to go public are funds managed by Blue Owl Capital Inc., Churchill Asset Management and Morgan Stanley.

January 18, 2024

Financial services

Jefferies Expands Private Credit Lending with Launch of New Vehicle

A unit of the Abu Dhabi Investment Authority will anchor the vehicle with a $625 million equity investment.

July 20, 2023

Private Equity

Marsha Zebley, OFS Capital

Key responsibilities: Sources new investment opportunities and conducts business development initiatives for the eastern U.S.

December 26, 2017

Bankers & Advisors

Crescent Capital BDC Acquires First Eagle BDC

The combined company is expected to have approximately $1.6 billion of investments on a pro forma basis.

October 7, 2022

Business development company

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