Steve Bills

Firm: CI Capital Partners LLC Fund: CI Capital Investors II LP Amount raised: $620 million ($500 million target) Placement agent: Lazard Freres & Co. Legal adviser: Paul, Weiss, Rifkind, Wharton & Garrison LLP CI Capital Partners LLC has closed the guest book for its first institutional fund. The New York firm announced that it held […]

With the collateralized loan obligation market still in disarray, Churchill Financial Group LLC has decided to organize a business development company. The New York leveraged lender plans to raise up to $150 million for the vehicle, which is to be called Churchill Financial BDC Inc., according to a regulatory filing. The new company, which will […]

Debt refinancing dominated U.S. leveraged lending in the first quarter, according to data collected by Thomson Reuters LPC, a sister service of Buyouts that tracks the loan market. Refinancings include dividend recapitalizations to pay dividends to sponsors as well as straightforward refinancing designed to lower a borrower’s interest rate or extend debt maturities. With $78.8 […]

Buyouts Magazine is now accepting nominations for its eleventh annual Deal Of The Year Awards, which honor exceptional majority-stake transactions closed in 2010. The deadline for nominations is Friday, Feb. 25. For complete details, download the PDF to the right.

Chicago mid-market lender Monroe Capital LLC is adding staff as it prepares to close a new loan fund and to lend more aggressively in 2011. The firm, which has hired six new staffers, including a managing director, is near closing on a new $250 million fund to invest in credit, according to Theodore L. Koenig, […]

Unprecedented low interest rates could boost the LBO business by driving retail money into the kind of mutual funds that invest in leveraged finance. The thought came to mind as I read Bill Gross‘ latest commentary on the economy and the markets. The co-CIO of PIMCO is not a happy camper. Gross’s monthly investment commentary, […]

The startup lender NXT Capital LLC may try this summer to float a collateralized loan obligation, taking advantage of a leveraged loan market that continues to strengthen. “It’s our expectation that the market will continue improving this year, with issuers coming back with the expectation of CLOs permanently funding their assets,” said Robert Radway, NXT […]

The Treasury Department’s guidance on the Volcker Rule, published this week, says regulators can allow banks to offer “feeder funds” for customers to invest in private equity and hedge funds. But it also encourages regulators to eliminate loopholes that banks might try to use to get around restrictions on their direct private equity and hedge […]