BNY Mellon's debt management arm Alcentra has hit a $484m final close for a new structured credit fund targeting the US and Europe.
The strategy will target mid-market buyout and infrastructure funds, with Ardian and SMBC already jointly evaluating opportunities.
Maples Group examines how GP entity choices shape borrowing capacity, security structures, lender diligence, and overall fund finance execution across Cayman Islands fund formation.
The facility for a GP stakes fund provides incremental capital to support the borrower's acquisition strategy.
The former Reed Smith fund finance counsel advises on a full range of products, including subscription, NAV, GP, co-invest, management line, and continuation vehicle financings.
The manager plans to be in the market with a fund from each of its flagship series, including secondaries and fund finance, within the next 24 months.
The private debt veteran will focus on providing financing & liquidity solutions for sponsors, including NAV lending and continuation vehicle capital.
The senior secured financing supports a US-based fund-of-funds at a 20% fully drawn LTV.
The fund finance veteran brings more than two decades of experience advising lenders across a range of products, including secondary fund facilities and NAV loans.
The secondary market veteran joins from Raymond James and will focus on originating and developing financing and liquidity opportunities for sponsors.
