UNLOCK THE POWER OF THE VAULT

Steadfast to Launch $3 Billion Closed-end Fund

November 22, 2016

Steadfast to Launch $3 Billion Closed-end Fund

November 21, 2016 | DI Wire

Steadfast is launching a $3 billion closed-end investment fund called Steadfast Alcentra Global Credit Fund, according to preliminary documents filed with the Securities and Exchange Commission.

The fund, which plans to offer 300 million shares, intends to invest in lower middle-market and middle-market companies in the form of fixed and floating rate senior secured loans, second lien loans and subordinated debt and minority equity investments.

The company considers lower middle-market and middle-market companies to be companies having annual earnings, before interest, taxes, depreciation and amortization of between $5 million and $50 million and/or revenues between $25 million and $750 million.

Read Full Article Located Here

Print Friendly, PDF & Email
Go Back
Second Annual Blue Vault Broker Dealer Educational Summit 2016
Broker Dealer Educational Summit 2016
April 14, 2016

The Blue Vault Summit could not have been more perfectly timed. This gathering of the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage points. These conversations are paramount, especially in a time of significant regulatory change.